Euro Down Before ECB Meeting And Pound Falls

The euro fell against the dollar on Tuesday, September 8th, as dealers awaited the European Central Bank’s meeting this week, and London’s renewed warning prompted a failure to reach an agreement on Britain’s withdrawal from the European Union. The pound would continue to decline.

The euro is hovering around $ 1.18, while the sterling hit its lowest level in two weeks at $ 1.3125. The Chinese yuan also fell after US President Donald Trump warned about a “decoupled” between the US and Chinese economies.

Today, Britain began a new round of trade talks after secession, warning the European Union that it would strengthen preparations to exit the bloc without an agreement by the end of the year.

The Australian dollar rose to $ 0.7276 and was little changed on its New Zealand counterpart at $ 0.6685, after hitting lows overnight following a central bank statement on Sunday that again raised the possibility of reaching negative interest rates.

All eyes this week are on Thursday’s European Central Bank policy decision.

Many analysts expect that there will be no change but are awaiting the message for inflation expectations and whether the bank will be concerned about the strength of the EUR.

The meeting comes after the single currency rose to its highest level in two years, just over $ 1.20 at the beginning of the month.