Currency Exchange Rates
The U.S. Dollar fell after OPEC+ announced its plans to cut oil output on Monday.
- The
chances of another interest rate hike by the U.S. Federal Reserve in
May fell from 65% before the announcement to 60% after.
- The U.S. Dollar Index dropped 0.44% on the day.
- The
Canadian Dollar and Norwegian Krone rose significantly as they are
oil-sensitive currencies, with much of their international demand tied
to oil exports from Canada and Norway, respectively.
| UK(GBP) | £0.81 | -0.50% |
| Europe (EURO) | €0.92 | -0.25% |
| Canada (Canadian Dollar) | $1.34 | -0.68% |
| Japan (Yen) | ¥132.64 | -0.10% |
*Exchange
rates as of 7 am ET. Data from Morningstar Financial Research. To
understand why we track these currencies and the differences between
them,.
