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Entries for the ‘Europe’ Category

Dollar Little Changed Against Euro Before Fed’s Rate Decision

Jan. 30 — The dollar was little changed against the euro and yen amid speculation the Federal Reserve will cut interest rates by a half-percentage point today to prevent the U.S. from falling into recession.
The currency pared losses after a private report based on payroll data indicated companies in the U.S. added more [...]

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Euro Unlikely to Be Main Reserve Currency, Bank of America Says

Nov. 29 — The euro, trading near a record high, is unlikely to replace the dollar as the world’s dominant reserve currency because the eurozone’s financial markets remain fragmented, Bank of America Corp. said.
Europe’s single currency is used by 13 nations in the region though the U.K., the second biggest economy, has so [...]

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