US dollar exchange rate drops for third day as experts fear economy losing momentum

The dollar fell for a third consecutive day against its rivals on Monday on growing bets the US central bank will press the pause button on its rate hike cycle in the coming months. Notwithstanding strong monthly US jobs data for December last week, market watchers believe the world’s biggest economy is losing momentum with Federal Reserve chairman Jerome Powell’s comments adding to expectations the central bank may adopt a more cautious outlook. Daily Express :: Finance Feed

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Pound euro exchange rate: GBP rallies on back of better-than-expected eurozone figures

THIS morning the pound fell against the euro after some positive data was released from the Eurozone, and is currently trading at a rate of €1.112. The release of the German retail sales figures for November showed a better-than-expected 1.1 percent increase from the previous year, despite forecasts suggesting it would fall. Daily Express :: Finance Feed

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