Increasing signs of economic slowdown come ahead of likely tax hikes this month.
The stablecoin issuer posted better-than-expected earnings and revenue but raised its forecast for operating costs.
The dollar’s safe-haven status is “cracking” due to concerns about rising debt, persistent deficits, monetary-policy credibility and a loss of confidence in U.S. institutions, said Orbis. The dollar was little changed.
March Euro currency futures present a selling opportunity on more price weakness.
The weekly ADP report showing U.S. private employers shed jobs in October, “contributed to the dollar’s decline by reinforcing concerns about a cooling U.S. labor market,” DFH Capital said.
Continental indices pushed higher, helped by easing inflation and a rerating in financial markets. US futures, by contrast, edged lower as the shutdown moves from the Senate to the House.View on euronews
March Euro currency futures present a selling opportunity on more price weakness.
Euro zone inflation has been running close to 2% for months now, which is good news for the European Central Bank.
The opinion of Dennis Shen, Chair of the Macroeconomic Council at Scope Group.
1405 GMT – The euro is unlikely to rise much versus the dollar if the European Central Bank leaves interest rates unchanged Thursday, even though the Federal Reserve will probably cut rates again Wednesday, UniCredit strategists say in a note. The ECB meeting should be “relatively uneventful,” they say. 1408 GMT – The Bank of Canada is likely to cut interest rates by 25 basis points on Wednesday but it could also sound cautious about further cuts and this would temper any falls in the Canadian dollar, TD Securities strategists say in a note.
The Argentine peso weakened despite renewed optimism after President Javier Milei’s sound victory in midterm elections. Meanwhile, the U.S. dollar weakened as risk appetite picked up.
The Euro’s outlook has become a study in contradiction: robust inflation data colliding with economic deterioration.
The Japanese technology investment giant launched a $2 billion sale of dollar notes in two parts and €750 million ($871 million) in euro-denominated notes, according to a person familiar with the matter. With a heavy emphasis on new AI investments, SoftBank’s billionaire founder Masayoshi Son has pledged as much as $500 billion for a project known as “Stargate” and announced a planned $30 billion stake in OpenAI earlier this year. The company has been active in its home bond market too, in April pricing ¥600 billion ($4 billion) of notes that targeted individual investors, in one of the largest ever such issuances in the nation.
The dollar index (DXY00 ) today is up by +0.07% at a 1-week high. Weakness in the British pound today is a supportive factor for the dollar after a weaker-than-expected UK Sep CPI report knocked (GBP/USD ) down to a 1-week low. The dollar also has carryover support from Monday,...
The European Commission (EC) has prepared an innovative if complex plan to mobilise seized Russian assets to fund Ukraine. This initiative is critical given the absence of any credible alternative.
Jan Hatzius warns America’s job market slump could drag down growth, with front-loaded orders and AI disruption skewing GDP signals.
1412 GMT – The euro has encountered chart resistance at $1.1700 and needs to rise above this level in order to appreciate more meaningfully, City Index analyst Fiona Cincotta says in a note. Failure to rise above $1.17 would leave the euro at risk of falling below this month’s low of $1.1540 and potentially towards $1.14, she says. 1137 GMT – The euro’s potential to rise remains capped by the eurozone’s fragile growth dynamics and fiscal concerns in the near term, Monex Europe analysts say in a note.
Yields on French debt rose led by longer-dated tenors, with 10-year yields up three basis points to 3.39% compared to a one basis point move in their German counterparts. The euro steadied after coming under pressure late Friday when S&P lowered the country’s score from AA- to A+. The downgrade means France has lost its double-A rating at two of the three major credit assessors in little more than a month, a step that risks compelling some funds with ultra-strict investment criteria to sell the country’s bonds.
After returning to modest growth in the third quarter of 2025, LVMH remains under pressure from several structural and cyclical challenges that could weigh on its performance into 2026.
Fears are growing that huge investment in AI could lead to a bubble on the scale of the dot-com crash.