The Euro is rising as the dollar weakens ahead of a meeting of the US Central Bank[/rtl]
[rtl]History of edits:: 2018/12/18 13:44 • 42 times readable[/rtl]
The euro rose on Tuesday as the dollar tumbled as investors bet that growth concerns will spur the Federal Reserve to slow its rate hike at this week's meeting.
A Wall Street upset after a series of weak global data boosted the view that a much-anticipated US central bank rate hike on Wednesday would be followed by a slow or steady pace of steady increases in interest over three years.
The euro, which rose 0.2 percent to $ 1.1373, helped offset all losses on Monday as it was hit by weak euro zone data.
Positive sentiment on the dollar fell on Tuesday as the dollar index, which measures the performance of the greenback against a basket of six currencies, fell 0.2 percent to 96.931 after losing 0.4 percent on Monday.
The yen rose about 0.3 percent against the dollar as investors worried about a slowdown in global growth in the growing demand for safe haven assets. The Swiss franc, another safe haven, rose 0.2 percent.
Sterling, which has been heavily sold in recent months, has stabilized at $ 1.2653.
The New Zealand dollar rose to $ 0.6845, supported by factors including improved corporate confidence data