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Iberosphere

News, comment and analysis on Spain, Portugal and beyond

bond buying

US dollar loses out after ECB unveils its rescue scheme

September 10, 2012 by Peter Lavelle, Pure FX Leave a Comment

Welcome to the Pure FX account of the latest changes in the foreign exchange rates. This is intended as a brief guide to movements in the exchange rates this week, to put you in the best position when you exchange currencies. Exchange rate changes GBPEUR: 1.2621 to 1.2601 (-0.158%) GBPUSD: 1.5789 to 1.5939 (+0.95%) EURUSD: 1.2554 to 1.2644 (+0.717%) As you can see above, the US dollar was the biggest loser last week, shedding almost 1.00% against the UK pound and euro. This continues a trend we’ve seen since early August, when the buck started to slide against its counterparts, as expectations that the European Central Bank would act to “preserve the euro” boosted global … [Read more...] about US dollar loses out after ECB unveils its rescue scheme

Filed Under: Expats Tagged With: bond buying, currencies, dollar to euro, ecb, euro, euro crisis, eurozone, foreign exchange, pound to euro, purefx, usdeur

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