Currency News: Dollar Bullish After Fed Meeting, Euro Falters
The US dollar remained stronger against the yen and the euro on Monday following the comments from Federal Reserve Chair Janet Yellen last week.
The US dollar remained stronger against the yen and the euro on Monday following the comments from Federal Reserve Chair Janet Yellen last week.
US currency hawks continue to complain about the artificial devaluation of the Chinese yuan, while the USD has bounced back after the most recent jobs data.
1 Year currency prediction from April 27th 2014 until April 27th 2015
Currently, 1 euro is equivalent to $1.06. This is a drastic change from 2011, when the difference between the two currencies was more than 50 cents greater. Now, the question has become whether the value of the dollar will surpass that of the euro.
For the past eight months, the US dollar has appreciated on a trade-weighted basis at a faster pace than during any period of the same time previously.