Previous close | 1.2706 |
Open | 1.2706 |
Bid | 1.2702 |
Day's range | 1.2686 - 1.2711 |
52-week range | 1.2043 - 1.3142 |
Ask | 1.2701 |
The latest investor updates on stocks that are trending on Monday.
The UK's CPI data this week could pave the way for a summer rate cut, as it is expected to show a decline to 2.1% from 3.2% in March.
The U.S. dollar traded in a steady fashion Monday, at the start of a new week that is set to provide more clues over the future path of U.S. interest rates. The dollar was hit last week after a slowdown in U.S. inflation lifted the likelihood of interest rates cut by the Federal Reserve this year. There was something of a recovery as several Fed officials, specifically members of the bank’s rate-setting committee, said that they needed much more confidence that inflation was coming down, beyond some easing inflation in April.