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The yield differential moved in favor of the Loonie
The South African rand, the Hungarian forint and the Polish zloty all rallied more than 1% against the dollar, with investors awaiting U.S. consumer prices data on Tuesday that might give the ...
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University of Michigan sentiment dropped to a 10-year low. For premium support please call: 800-290-4726 more ways to reach us
The resulting 0.021572 is positive, so one would say that the euro is trading at a 0.021572 or 2.16% premium against the dollar for delivery in 30 days. Conversely, if one were to work this example in euro terms rather than dollar terms, the perspective would be reversed and one would say that the dollar is trading at a discount against the Euro.
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The dollar then shed losses after the University of Michigan Surveys for December showed consumer sentiment rising more than forecast while one-year inflation expectations rose to 2.9% from 2.6 ...
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