NEW YORK, Dec 10 — The dollar slipped against the euro today after a better-than-expected German economic sentiment survey boosted the common currency even as continued uncertainty about the outlook for US-China trade talks kept large moves in the FX market in check. The euro was 0.16 per cent...
US dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada June 13, 2018. — Reuters pic
The euro was 0.16 per cent higher at US$1.108 after the ZEW research institute’s monthly index on economic morale among German investors showed the mood improved far more than forecast in December, with an unexpected rise in October exports boosting hopes for an upturn in Europe’s biggest economy. “The current assessment remains deeply in negative territory but did improve and beat expectations,” he said.
Investors are almost certain the Federal Reserve will leave rates unchanged when its two-day meeting ends tomorrow, while the European Central Bank is likewise expected to keep interest rates steady on Thursday.“Overall we are in wait-and-see mode for the dollar,” Tempus’ Doyle said.
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