New York: The US dollar dipped as the Federal Reserve raised interest rates by a quarter point, paring some of the sharp losses of the greenback in the previous sessions. Following the Fed’s decision to raise its benchmark overnight lending rate, the greenback extended gains but still settled at a[Read More…]
Tag: Euros
Britain open to pay 40 billion euros for Brexit divorce bill
Amidst discussions on Brexit, a media reported stated that Britain is open to paying up to 40 billion euros ($47.1 billion) towards a so-called Brexit divorce bill to the European Union as long as a future UK-EU trade deal can be secured. Three separate sources within the UK civil service[Read More…]