Euro and pound recovered significantly against the dollar

Euro and pound recovered significantly against the dollar

Aug 24 2015


 

The Euro recovered significantly against the US Dollar to trade above $1.15 while the European equity markets opened lower on Monday trading session. As slowing global economic growth weigh on investors sentiments and decreased the hopes that the Fed will hike its interest rates on September pushing the Dollar down against its major rivals. On the other hand, the Sterling Pound rebounded to almost 7 weeks high against the U.S Dollar. While the investors turned to buy the safe-haven currencies like the Yen and the yellow metal as uncertainties and fears still dominate the global financial markets.

MBCFX Forex & CFDs Brokerage Firm