June 25, 2019 / 4:57 PM / 4 months ago

Euro adds losses against dollar after Bullard's rate-cut remark

FILE PHOTO: U.S. dollar and Euro notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK (Reuters) - The euro extended its decline against the dollar on Tuesday after St. Louis Federal Reserve President James Bullard told Bloomberg television he doesn’t see the need for a half-point

interest rate cut at next month’s Fed policy meeting.

At 12:49 p.m. (1649 GMT), the single currency was down 0.28% at $1.1366, while the greenback trimmed its earlier losses versus the yen, last 0.06% lower at 107.235 yen.

Reporting by Richard Leong

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below