Dawn Capital’s latest partner, Shamillah Bankiya, stopped by Equity this week to talk about the European landscape and the biggest misconceptions Americans have about the European startup world.
The Bank of Canada released the following statement on Wednesday: "The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. "After remaining resilient to sharply higher US tariffs and ongoing uncertainty, global economic growth is showing signs of slowing. In the United States, business investment has been strong but consumers are cautious and employment gains have slowed.
Cuts key interest rate to 2.5%
After Japan reported a significantly smaller trade deficit than expected overnight GMT 16-17 September, the yen has gained overall against some currencies like the US dollar while losing ground against others like the euro and pound sterling.
U.S. stocks dipped slightly on Tuesday but not before the S&P 500 and Nasdaq hit new highs, as investors braced for an expected rate cut from the Federal Reserve on Wednesday. In my column today I look at the surge in dollar hedging this year, and how it ties together two of global investors' main trades this year - long Wall Street, short the U.S. dollar. Fed avoids shock to independence for now, with Cook toattend meeting; Miran confirmed to open seat 2.
The dollar was weaker as Bank of America’s global fund manager survey showed the proportion of investors who considered the dollar to be overvalued rose to a three-month high in September.
(Reuters) -U.S. companies are lining up to borrow in euros with bond sales hitting a record $100 billion so far this year, reflecting attractive European funding conditions and a growing willingness among issuers and investors to shift away from the dollar. The likes of Google-parent Alphabet, Visa, PepsiCo, payments firm Fiserv and Verizon have sold bonds denominated in euros recently. This offshore fundraising, called "reverse Yankees" in a nod to Yankee bonds sold by foreign companies in the United States, is up from just over $78 billion for the whole of 2024, LSEG data shows.
The dollar fell across the board on Tuesday, hitting a four-year low against the euro, as investors firmed bets for a Federal Reserve interest rate cut this week. The euro rose by 0.9% higher to $1.1867, its highest level since September 2021. The U.S. dollar index, which tracks the dollar against a basket of six major currencies, was 0.7% lower at 96.636, its lowest since July 1.
Investing.com-- The dollar’s decline looks set to pick up pace through year-end, ING economists warned in recent report, pressured by the Federal Reserve resuming its rate-cutting cycle and resilient risk appetite.
The US dollar remained broadly stable against most major currencies after American inflation on 11 September, which met expectations.
The dollar index (DXY00 ) on Thursday fell by -0.28%. The dollar gave up an early advance and retreated Thursday after US weekly jobless claims unexpectedly rose to a 3.75-year high and Aug CPI was right on expectations, cementing expectations for at least a 25 bp rate cut by the...
The dollar index (DXY00 ) today gave up overnight gains and is down by -0.24%. The dollar retreated today after US weekly jobless claims unexpectedly rose to a 3.75-year high and Aug CPI was right on expectations, cementing expectations for at least a 25 bp rate cut by the Fed...
The European Central Bank held interest rates steady on Thursday, setting the stage for Frankfurt’s top policymakers to trade playbooks with the Federal Reserve. The ECB kept the key deposit rate at 2% on Thursday, as was widely expected. It had held borrowing costs steady at its last meeting in July, having lowered interest rates four times already in 2025.
The European Central Bank held interest rates for the third consecutive month in a widely-expected move.
The U.S. dollar weakened against major currencies such as the euro and yen on Thursday, as modestly hotter August inflation data and weaker-than-expected initial jobless claims reinforced the view that the Federal Reserve will resume cutting interest rates next week. In afternoon trading, the dollar was down 0.3% against the yen at 147.09 yen, while the euro rose 0.4% to $1.1738. As a result, the dollar index, a measure of the greenback's value against six major currencies, dipped 0.3% to 97.51.
The U.S. dollar was narrowly mixed on Wednesday, with no definitive direction, after data showed producer prices unexpectedly fell in August, cementing expectations that the Federal Reserve will resume cutting interest rates later this month. The dollar was slightly down against the yen at 147.31 following the data, while the euro was flat at $1.1706. Before the data, the U.S. currency was trading moderately up on the day against both currencies.
It was presented by Brexit campaigners as the perfect example of how being outside the European Union is better than being in the bloc.
A lack of market-moving news kept the dollar under the negative impact of Friday’s disappointing jobs report, which fueled expectations of dollar-bearish interest rate cuts starting next week.
Commerzbank in its "European Sunrise" note of Tuesday highlighted: Markets: United States Treasur
Societe Generale in its early Tuesday economic news summary pointed out: -- US dollar broadly off