NEW YORK (Reuters) -The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to such a move. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was last down 0.96% on the day at 97.66, after trading around 98.7 before Powell's comments. "And if those risks materialize, they can do so quickly,” he told an audience of international economists and policymakers at the Fed’s annual conference in Jackson Hole, Wyoming.
European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.
The dollar index (DXY00 ) on Wednesday fell by -0.05%. The dollar fell from a 1-week high on Wednesday and turned slightly lower on a decline in T-note yields. Also, political risks and concerns about Fed independence weighed on the dollar after President Trump called for Fed Governor Lisa Cook...
The dollar index (DXY00 ) today is down by -0.12%. The dollar fell from a 1-week high today and turned lower on political risks and concerns about Fed independence after President Trump called for Fed Governor Lisa Cook to resign amid a probe into two personal mortgages. FHFA Director Pulte...
The dollar index (DXY00 ) today is down by -0.08%. The dollar is under pressure today from lower T-note yields. Also, signs of progress in peace talks over Ukraine are boosting EUR/USD at the expense of the dollar. Losses in the dollar are limited due to concern that last week's...
Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.S. housing market on Tuesday and this week's Federal Reserve conference in Jackson Hole dominated thinking. European stock benchmarks nudged higher and the defence sector slipped after U.S. President Donald Trump told his Ukrainian counterpart Volodymyr Zelenskiy that Washington would help guarantee Ukraine's security in any peace deal to end Russia's war. Germany said Zelenskiy and Russian President Vladimir Putin would meet within the next two weeks.
Higher US tariffs on EU imports represent an external headwind for Ireland’s export and corporate-tax dependent economy, but the 15% tariff looks manageable without materially weakening Ireland’s public finances.
Falling UK interest rates have led to lower mortgage costs, which means buying may be a better option than renting.
In the run-up to the talks, investors have been piling into assets that could stand to benefit from either a ceasefire in Ukraine or an easing of sanctions on Russia. Ukrainian government bonds have rallied, alongside shares of companies that would benefit from the reconstruction of Ukraine and European banks that still have a presence in Russia.
The eurozone economy barely grew in the second quarter. Germany and Italy contracted, while Spain continued to shine.View on euronews
Comparatively, the US grew 0.7% and the UK grew 0.3%, figures show.
August has brought some controversial data releases that reshaped some expectations in the markets.
Buoyant markets, a resilient US economy, customs revenues, appeasement by trading partners and conducive politics point to further escalation in US trade tensions, already set to cut global output by 0.7pps in the medium term.
A significant reduction in gilt holdings was recorded from April to June 2025, according to a report released on Tuesday.
The dollar index (DXY00 ) on Monday rose by +0.36% to a 1-week high. The dollar moved higher Monday as EUR/USD retreated after comments from Ukrainian President Zelenskiy dampened optimism of any quick resolution to the Russian-Ukrainian war when he rejected any talk of Ukraine ceding territory to Russia. Also,...
The Austrian government’s planned fiscal consolidation is unlikely to stabilise general government debt-to-GDP without further measures to help offset rising structural spending amid the weak outlook for growth.
The dollar index (DXY00 ) today is up by +0.38% at a 1-week high. The dollar is moving higher today as EUR/USD retreated after comments from Ukrainian President Zelenskiy dampened optimism of any quick resolution to the Russian-Ukrainian war when he rejected any talk of Ukraine ceding territory to Russia....
NEW YORK (Reuters) -The U.S. dollar firmed across the board on Monday, a day before the release of a U.S. inflation report that could help determine whether the Federal Reserve lowers borrowing costs next month. "A very modest hawkish repricing of Fed policy expectations appears to be helping the move along, likely driven by participants squaring up some positions ahead of the risk that tomorrow's CPI print presents," he said. The dollar softened last week as investors adjusted their expectations for interest rate cuts from the Fed after soft data on U.S. jobs and manufacturing.
Gold reached another new record peak in Q2 2025, marking the seventh consecutive quarterly high for the precious metal that is the world’s oldest store of value. While the price remains below the Q2 high in August 2025, there is still plenty of time for gold to rise to a new peak and an eighth consecutive new record high before the end of September 2025.
The FCA said as much as £18bn could be paid out to car finance claimants, but law firms' and consumer reactions have been mixed