The euro rebounded somewhat on Thursday after investors digested the possibility that the European Central Bank would tighten monetary policy aggressively in the near term, while the safe-haven dollar picked up a breath after making big gains in previous sessions.<\/p>\n\n\n\n
Financial markets are currently expecting a 106 basis point hike that the European Central Bank may implement after they had expected a 95 basis point hike on Tuesday before ECB official Claes Note said a 50 basis point rate hike is possible in July.<\/p>\n\n\n\n
US financial markets are still trying to absorb an expected interest rate hike of 200 basis points by December 2022.<\/p>\n\n\n\n
Risk appetite is fragile in the exchange markets, with US stock prices plummeting amid selling as investors worried about rising global inflation and the effects of the Ukraine war.<\/p>\n\n\n\n
The dollar index fell slightly by 0.03 percent to 103.77, after climbing 0.55 percent on Wednesday.<\/p>\n\n\n\n
The price of the euro rose 0.2 percent to 1.048 dollars.<\/p>\n\n\n\n
The yen, which fell sharply against the dollar in March and April, has been swinging within a narrow range recently. And its price fell today 0.2 to 128.5 yen to the dollar.<\/p>\n\n\n\n
With regard to cryptocurrencies, the price of Bitcoin fell 0.1 percent to $ 29,232, and the price of Ether fell about 2.5 percent to below $ 2,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
The euro rebounded somewhat on Thursday after investors digested the possibility that the European Central Bank would tighten monetary policy aggressively in the near term, while the safe-haven dollar picked up a breath after making big gains in previous sessions. Financial markets are currently expecting a 106 basis point hike that the European Central Bank …<\/p>\n","protected":false},"author":9,"featured_media":52181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-65691","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=65691"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65691\/revisions"}],"predecessor-version":[{"id":65692,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65691\/revisions\/65692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52181"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=65691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}