euro

Euro Surges to One-Year High as Traders Eye Rate-Cut Path

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The euro rose to the highest level in one year against the dollar as currency traders bet US central bankers will reinforce the case for lower borrowing costs at the Federal Reserve’s Jackson Hole economic symposium. The euro gained as much as 0.2% on Wednesday to 1.1148, its strongest level since July 2023. The European … Read more

Yen tumbles as markets on alert for Japan action; dollar falls after data

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NEW YORK (Reuters) -The yen dropped to multi-year lows against the U.S. dollar and euro on Tuesday, keeping investors on heightened Japanese intervention watch ahead of this week’s Bank of Japan policy meeting. The euro reached 165.71 yen, its highest since 2008, after data showed business activity in the euro zone expanded at its fastest … Read more