(Bloomberg) -- The euro notched its longest winning streak against the dollar in more than two decades — and options traders are betting the rally isn’t over yet.Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsSprawl Is Still Not the AnswerCalifornia Exempts Building Projects From Environmental LawWhat Gothenburg Got Out of Congestion PricingThe greenback’s recovery earlier in the day pressured the common currency, leading it to curb its advance after it touched the hi
SINTRA, Portugal (Reuters) -There is no prospect of a major challenge to the dollar's status as the world's reserve currency of choice any time soon, central bankers gathered for an annual conference in the Portuguese resort of Sintra said on Tuesday. U.S. President Donald Trump's unpredictable economic, trade and security policies have spurred questions over whether the U.S. currency, which accounts for 58% of the world's reserves, can remain at the centre of the global monetary system. European Central Bank President Christine Lagarde, who has argued the euro could over time become an alternative to the dollar if Europe's currency zone enacted necessary reforms, said 2025 could in future be viewed as "pivotal" in this respect.
European central bankers gathering in Portugal were greeted with some good news Tuesday: Inflation is back at its target. "We are at 2%," said European Central Bank President Christine Lagarde, speaking on a panel with peers including Federal Reserve Chair Jerome Powell.
Services inflation was estimated to be the biggest driver of price rises, clocking a 3.3% rise. Food, alcohol and tobacco prices also ticked up 3.1%.
Investing.com -- Morgan Stanley analysts said in a note Monday that as the U.S. dollar’s 15-year bull run appears to be ending, they see a clear opportunity for European equities with advanced foreign exchange (FX) hedging strategies to outperform.
Europe’s deal with President Trump to boost military spending will help defuse the trade war, because much of the new money will go toward U.S. arms, a top European Union official said. The EU agreed last week to Trump’s demand to raise defense spending to 5% of economic output.
(Bloomberg) -- European stocks outperformed their US peers by the biggest margin on record in dollar terms during the first half, the most dramatic sign of how the region’s markets are staging a comeback after more than a decade in the doldrums.Most Read from BloombergPhiladelphia Transit System Votes to Cut Service by 45%, Hike FaresSqueezed by Crowds, the Roads of Central Park Are Being ReimaginedSao Paulo Pushes Out Favela Residents, Drug Users to Revive Its City CenterSprawl Is Still Not the
(Bloomberg) -- US consumers are growing tired, according to fresh data that showed cutbacks in spending on big-ticket goods and services, extending a first-quarter demand slowdown.Most Read from BloombergPhiladelphia Transit System Votes to Cut Service by 45%, Hike FaresUS Renters Face Storm of Rising CostsSqueezed by Crowds, the Roads of Central Park Are Being ReimaginedSprawl Is Still Not the AnswerMapping the Architectural History of New York’s ChinatownInflation-adjusted consumer spending dr
(Bloomberg) -- The euro is set for its longest stretch of monthly gains in eight years, boosted by rising confidence in Europe’s economic prospects and a hunt for alternatives to the slumping dollar. Most Read from BloombergPhiladelphia Transit System Votes to Cut Service by 45%, Hike FaresUS Renters Face Storm of Rising CostsSqueezed by Crowds, the Roads of Central Park Are Being ReimaginedSprawl Is Still Not the AnswerMapping the Architectural History of New York’s ChinatownThe common currency
The euro is on a tear. It’s climbed to its highest level since late 2021, brushing up against the $1.16 mark.
The rising cost of petrol is under the spotlight as the Middle East conflict drags on.
The Israel-Iran truce fails to permanently reduce geo-political uncertainties weighing on an already subdued economic outlook for Europe, but the crisis’s impact on Europe’s economy is limited for now.
The single currency has rallied 13% this year, buoyed by eurozone fiscal policy shifts, political uncertainty in the US, and changing market dynamics.View on euronews
The value of the euro against the dollar is now officially back to pre-war levels. The euro-dollar exchange rate was at 1.159 this morning. The market was around this level on June 12, when Israel attacked Iran.
The escalating war with Iran has boosted the value of the dollar, the world's reserve currency, against most major currencies Monday morning–except one, the Swiss franc. The dollar was down 0.1% against the Swiss franc.
The dollar rallied against major currencies early Monday, after the U.S. launched surprise strikes against Iranian nuclear sites over the weekend. In recent trading: The WSJ Dollar Index rose over 0.
The cost of petrol is under the spotlight as tensions between Iran and the US intensify.
Global Economic Outlook: US, Europe Grow More Slowly Than Expected Amid Trade, Geopolitical Tensions
The US and European economies will expand more slowly in 2025 than previously forecast, contributing to more moderate global economic growth, with risks for the global economy skewed to the downside, Scope Ratings says.
Some of the U.S.'s closest partners face a July 9 deadline to reach deals to avert higher tariffs, after the G-7 summit ended with no new trade agreements. Here’s where some key trading partners stand: 🏰 European Union: After discussing trade with European Commission President Ursula von der Leyen, Trump said he didn’t think the bloc was offering a fair deal.
Bulgaria is due to become the 21st country to join the European single currency in January 2026. This Q&A explains the timing and circumstances surrounding the country’s likely admission to the euro area.