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CCY - CCY Delayed price. Currency in USD
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1.0899-0.0042 (-0.3815%)
As of 10:29PM BST. Market open.
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Previous close1.0941
Day's range1.0897 - 1.0945
52-week range1.0450 - 1.1230

    ECB keeps interest rates unchanged, as expected

    The European Central Bank kept interest rates unchanged on Thursday, as widely expected, following on from reductions at its last meeting. The ECB maintained its benchmark deposit rate at 3.75%, after cutting it from an all-time high of 4% in June. The interest rate on its main refinancing operations also stayed at 4.25%, while the rate of its marginal lending facility remained at 4.50%.


    Dollar edges higher; euro, sterling weaker ahead of ECB meeting

    The U.S. dollar edged higher Thursday, while the euro slipped ahead of an ECB meeting and sterling dipped as U.K. wage growth slowed. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 103.550, bouncing after losses this week on increased optimism that the Federal Reserve will cut interest rates in September. Confidence that the U.S. Federal Reserve will start cutting interest rates at its next meeting in September, to boost a slowing economy, has weighed heavily on the greenback.


    Dollar edges higher on Trump ascendancy; ECB meeting looms

    The U.S. dollar edged higher in early European trade Tuesday, climbing away from one-month lows as traders digested the increased chance of former President Donald Trump returning to the White House as well as the likelihood that the Federal Reserve will start cutting interest rates in September. The dollar edged higher after Donald Trump received a rapturous welcome on the first day of the Republican National Convention in Milwaukee, just a few days after surviving an assassination attempt in Pennsylvania on Saturday. The four-day convention will culminate with Trump's prime-time address on Thursday, when he formally accepts the party's nomination to face President Joe Biden in a rematch of their 2020 race.