The US dollar has lost 10% of its relative value over the past year, presenting risks and opportunities.
Christine Lagarde said she expects completing her mission as European Central Bank president to take until the end of her term, amid speculation that she will resign early. “When I look back at all these years, I think that we have accomplished a lot, that I have accomplished a lot,” she told The Wall Street Journal. Lagarde last year said she was determined to serve out her term after reports she had discussed leaving early to run the World Economic Forum.
The dollar has moved up in most of its pairs as traders generally expect ongoing strong economic growth.
European Central Bank President Christine Lagarde hasn’t taken any decision on whether to serve out her full term, according to an ECB spokesperson. Lagarde's term is due to end in October 2027. Earlier, the Financial Times said Lagarde would step down early to allow French President Emmanuel Macron and German Chancellor Friedrich Merz to be involved in choosing a new ECB president.
The dollar index (DXY00 ) on Tuesday rose to a 1-week high and finished up by +0.25%. Weakness in the euro and the British pound on Tuesday was supportive for the dollar after both currencies fell to 1-week lows. Also, hawkish Fed comments boosted the dollar on Tuesday after Chicago...
The index closed up 82.48 points, 0.8%, at 10,556.17.
The dollar index (DXY00 ) today is up by +0.55% at a 1-week high. Today's slide in stocks has boosted some liquidity demand for the dollar. Also, weakness in the euro and the British pound is bullish for the dollar after the currencies fell to 1-week lows. Today's US economic...
Dollar positioning reached its most negative in more than 14 years, according to the BofA’s latest foreign exchange and rates sentiment survey.
On top of threats from Russia and China, Donald Trump’s America First foreign policy — including threats to acquire Greenland from neighboring Denmark — underscore how smaller economies are exposed in an era of great-power rivalries. “Sweden is now a full member of NATO and we are reinforcing our defenses alongside our EU partners,” Cecilia Rönn, a Swedish lawmaker from the Liberal party, said in an interview at the parliament in Stockholm.
Investing.com -- Bank of America said Germany’s long-awaited fiscal stimulus is beginning to support growth, but warned that the recent rally in European equities may already reflect much of the upside and could set markets up for disappointment.
The figures signal resilience for the economic bloc, which has been rocked by threats from US president Donald Trump of ever escalating tariffs.
Group sales expected to be in the mid-single-digit percent range below the previous year at an assumed exchange rate of EUR/USD 1.18(2025 preliminary: EUR 1,347 million) EBITDA margin projected within the range of 20 to 24 percent Headwinds from ...
Investing.com -- European Central Bank policymaker Peter Kazimir said on Monday that a significant shift in economic and inflation trends would be necessary for the ECB to consider altering its monetary policy stance.
Investing.com -- The pound fell against the euro and dollar on Monday as traders responded to the political crisis facing UK Prime Minister Sir Keir Starmer and anticipated further interest rate cuts.
As geopolitical turmoil has emanated from the US, world currencies have rallied while the dollar has flatlined.
Officials consider the exchange rate as one element “to project inflation dynamics,” the Italian policymaker said, according to a transcript posted on the ECB’s website on Sunday. At the same time, Cipollone highlighted that the ECB doesn’t have a specific target for the common currency, and that it’s been bunching around $1.17-$1.18 for almost a year now. ECB officials last week kept borrowing costs unchanged for a fifth meeting, with President Christine Lagarde repeating that they see themselves in a “good place,” and playing down the euro’s rise.
European assets look like a haven from President Donald Trump’s mercurial U.S. policy and a possible implosion of U.S. tech stocks.
The European Central Bank left interest rates unchanged Thursday as the economy in the 21 countries that use the euro chugs past the disruption from U.S. President Donald Trump’s tariffs with modest yet resilient growth. “The economy remains resilient in a challenging global environment,” bank President Christine Lagarde said, opening her post-meeting news conference. “At the same time, the external environment remains challenging owing to higher tariffs and a stronger euro," she said.
European Central Bank is expected to keep interest rate unchanged as Lagarde guidance shapes euro outlook, influencing EUR/USD trading.
While the market anticipates a “wait-and-see” hold, any guidance from President Lagarde on the Euro’s recent breakout will be the primary driver for the pair’s next leg.