Investing.com -- The dollar is heading for its sharpest annual retreat in eight years as investors anticipate further declines if the next Federal Reserve chair implements more interest-rate cuts.
Supporters of switching to the euro from the old currency, the lev, are praising the move as one of the greatest achievements since the 1989 transition from a Soviet-style economy to democracy and free markets. “I am convinced that the adoption of the euro will contribute to the long-term prosperity of our country,” he said.
The leading most diversified U.S. stock market index is the S&P 500. While the index has rallied by nearly 16% in 2025 to a record high, the top stock index may be inexpensive relative to another asset with a long history as the world’s leading currency: gold.
Asian shares were mixed Thursday in thin holiday trading, with most markets in the region and elsewhere closed for Christmas. Investors were encouraged by a statement by the People’s Bank of China, China’s central bank, promising to ensure adequate money supply to support financing, economic growth and inflation targets. U.S. markets will reopen for a full day of trading on Friday, though volumes will likely remain light this week with most investors having closed out their positions for the year.
The dollar held generally steady despite renewed signs of U.S. labor resilience as currency markets brace for a potential intervention to support the Japanese yen.
The Bloomberg Dollar Spot Index fell as much as 0.4% on Tuesday to the lowest level since early October before trimming its loss after a report showed US economic growth accelerated last quarter. The greenback index is down about 8% this year, putting it on track for its worst year since 2017, and the options market points to further declines in the coming months. Expectations that Federal Reserve will lower borrowing costs further while many other major central banks are close to being done with their easing cycles have weighed on the greenback.
The dollar retreated Tuesday, adding to recent weakness. The WSJ Dollar Index ended the day 0.4% lower, with the euro and British pound among currencies gaining against the greenback. The dollar finished the day near its lows, despite a surprisingly strong U.
“Once we are back to 2 — which I think will be in sight — then we can have a discussion: Is it much smarter to have a range?” Bessent said in an interview on the . “Once we re-anchor to the target, then we can talk about a range.” The discussion could potentially be framed around a switch to 1.5% to 2.5% or 1% to 3%, Bessent suggested in the interview, which was posted on Dec. 22.
American annual headline inflation at 2.7% was significantly lower than expected.
Britain's 10-year bond yield, which hit a 16-year high of 4.95% at the start of 2025 is expected to come down to 4.32% by the end of 2026.
The dollar index (DXY00 ) on Thursday rose by +0.05%. The dollar recovered from early losses on Thursday and posted modest gains as EUR/USD retreated. The dollar also found some support on Thursday after US weekly jobless claims fell as expected. The dollar initially moved lower on Thursday amid weaker-than-expected...
The dollar index (DXY00 ) today is up by +0.09%. The dollar recovered from early losses today and turned higher as Eurozone fiscal concerns weighed on EUR/USD. The dollar also found some support today after US weekly jobless claims fell as expected. The dollar initially moved lower today due to...
March Euro currency futures present a buying opportunity on more price strength.
Compared with October, annual inflation fell in 12 member states, remained stable in five and rose in 10.
The U.S. dollar moved slightly lower but remained little changed on the day despite a major update on the labor market in October and November.
Elevated geopolitical tensions, deeper political polarisation and persistent fiscal challenges outweigh the potential for stronger growth and instances of fiscal resilience, driving a negative sovereign credit outlook.
With the December Fed meeting in the rear view, investor attention will turn toward Fed chair nomination drama and the potential for a Santa rally (or not)
European bank stocks posted their strongest year on record in 2025, fuelled by resilient growth, high margins, and capital returns. Looking to 2026, the focus is now shifting to earnings growth, efficiency gains, and sustained shareholder payouts.View on euronews
The US dollar’s general decline continued despite possibly lower dovishness in 2026.
Greece's finance minister Kyriakos Pierrakakis was elected Eurogroup chief on Thursday in a remarkable turnaround for a country that a decade ago was on the brink of crashing out of the euro.Your election today as President of the Eurogroup, dear Kyriakos @Pierrakakis, is a meaningful recognition of that progress," European Union chief Antonio Costa wrote on X. Greece's colossal debt and financial woes were the Eurogroup's main preoccupation during the euro-area crisis -- which for a while threa