EUR Wednesday’s value again exceeded parity against ASV dollar, as the dollar weakened against other major currencies due to concerns about the state of the US economy and the prospect of a slowdown in interest rate hikes.
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The euro surpassed the dollar for the first time since mid-September, driven by forecasts that European Central Bank Thursday will make a sharp rise in interest rates.
The dollar fell after “several negatives [ASV] economic data sets released since the beginning of the week, “noted Ricardo Evangelista, senior analyst at ActivTrades.
The negative economic data has been welcomed by investors as it opens the possibility that the US Federal Reserve (FRS) could slow rate hikes or stop them sooner.
Stock prices on Wall Street, which had risen in the previous three days in hopes of a more accommodative Fed policy, fell mostly Wednesday after. “Boeing“,”Microsoft“and” Alphabet “for poor profit results.
Stock prices in Europe from LondonFrankfurt and Paris went up on the stock exchange.
The Dow Jones Industrial Average remained unchanged Wednesday at 31,839.11 points, the Standard & Poor’s 500 index fell 0.7% to 3,830.60 points, while the “Index”Nasdaq Composite “decreased by 2.0% to 10,970.99 points.
London’s FTSE 100 was up 0.6% to 7,056.07 on Wednesday, that of Frankfurt DAX 30 was up 1.1% to 13,195.81, while the Paris Stock Exchange’s CAC 40 was up 0.4% to 6,276.31.
from New York in the exchange’s e-commerce, the price of WTI crude oil rose 3.0% to US $ 87.91 a barrel on Wednesday. The price of “Brent” crude on the London Stock Exchange rose 2.3% to $ 95.69 a barrel.
The euro rose against the US dollar on Wednesday from $ 0.9966 to $ 1.0087 / euro, the British pound rose from $ 1.1472 to $ 1.1621 / pound, and the US dollar rose against of Japan the yen fell from 147.93 to 146.39 yen per dollar. The euro fell against the British pound from 86.88 to 86.77 pence per euro.
