The euro is surging
The euro is climbing against the dollar again today, up 1.12% to $1.0777 as of 1:15 p.m GMT (9:15 a.m. ET).
It's now back to where it was about 10 days ago, interrupting the quick decline over the first 10 weeks or so of the year.
The euro spiked against the dollar when the Fed's latest decisions came out, as the US central bank looked less likely to hike rates in June (which would typically strengthen the dollar).
As it stands so far, the euro's depreciation bottomed out five days ago, below $1.05. A lot of people are still expecting parity by the end of 2015.
Those hordes of American tourists ready to take advantage of the weak euro may have to wait a while longer.
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market