![]() ![]() By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy. ![]() This website uses cookies to provide you with the very best experience and to know you better. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. ![]() Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. will not be held liable for the loss of money or any damage caused from relying on the information on this site. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. The latter has been the pair’s strongest level since May 22nd (1.0831).įounded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage. 1 Euro 0 United States dollar, 1 United States dollar. Analyze historical currency charts or live Euro / US dollar rates and get free rate alerts directly to your email. Yesterday the major Forex pair went up as high as 1.0823. Euro to United States dollar (EUR to USD) Quickly and easily calculate foreign exchange rates with this free currency converter. Convert 49 EUR to USD with the Wise Currency Converter. Example: convert 15 Euro to United States Dollar: 15 Euro 15 × 1.0789546656 United States Dollar 16.1843199834 United States Dollar. Meanwhile, the European Central Bank is widely anticipated to deliver a 25 basis point rate hike at its policy meeting tomorrow to address persistently high inflation.Īs of 8:36 GMT on Wednesday EUR/USD was inching up 0.04% to trade at 1.0797. 1 Euro 1.0789546656 United States Dollar 1 United States Dollar 0.926823 Euro. “Whilst it was enough to send EUR/USD above 1.0800, it wasn’t enough to keep it there given a hawkish pause seems quite likely.” “The soft inflation report effectively cements a Fed pause, although I doubt it will be enough to warrant a dovish undertone as it’s not in their interest with CPI twice the Fed’s target,” Matt Simpson, senior market analyst at City Index, was quoted as saying by Reuters. The lower CPI reading was driven by a drop in energy prices.Īdditionally, US core CPI inflation, which does not take into account volatile items such as food and energy, decelerated to 5.3% in May, or the lowest annual level since November 2021.Īfter the soft CPI data, investors trimmed their bets for a 25 basis point hike by the Fed at the conclusion of its policy meeting today, with the chance of such a move now being lesser than 6%. US consumer price inflation slowed down to 4% in May, or the lowest annual level since March 2021, data by the Bureau of Labor Statistics showed. ![]() FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365).EUR/USD traded not far from recent three-week peak, as surprisingly soft US CPI inflation report reinforced prospects that the Federal Reserve would probably abstain from raising interest rates later on Wednesday. Registered Address: 251 Little Falls Drive, Wilmington, DE 19808. FXP is not responsible for any trading decisions taken by persons not intended to view this material. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. This information is made available for informational purposes only. Information presented by FXP should be construed as market commentary, merely observing economical, political and market conditions. residents or individuals domiciled in the U.S. Any and all information provided by FXP is not intended for use by U.S. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.įX Publications Inc., abbreviated herein as FXP, (d.b.a DailyFX) is no longer a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. ![]()
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