dollar News

ECB's Escriva Warns: Worst-Case Economic Scenarios Unfolding Amid US Tariffs

ECB's Jose Luis Escriva warns of materializing worst-case economic scenarios due to US tariffs, suggesting a potential shift in global currency dominance from the dollar to the eur...

ECB's Escriva Warns: Worst-Case Economic Scenarios Now Unfolding Amid US Tariffs

ECB's Jose Luis Escriva warns of materializing worst-case economic scenarios due to US tariffs, suggesting a potential shift in global economic dominance from the dollar to the eur...

Asian Markets Experience Sharp Decline as Trade War Intensifies: Hang Seng Leads with Nearly 9% Drop

Asian stock markets, including Hong Kong's Hang Seng and Japan's Nikkei, experienced significant drops amid the ongoing U.S.-initiated trade war, with losses ranging up to nearly 9...

Euro and Pound Soar to October 2024 Highs Against Dollar Amid New US Tariffs

The euro and pound surged to their highest levels against the dollar since October 2024 following new US tariffs on the EU and UK, with the euro gaining 1.05% and the pound rising ...

Euro and Pound Skyrocket Against Dollar Following U.S. Tariff Announcement on EU and UK

The euro and pound have surged against the dollar following the U.S. announcement of new tariffs on the EU and UK, reaching highs not seen since October 2024. The euro gained 1.05%...

Euro and Pound Soar Against Dollar Following New US Tariffs, Reaching October 2024 Highs

The euro and pound have surged against the dollar following new US tariffs, reaching highs not seen since October 2024. The euro gained 1.05%, and the pound rose by 0.98%, showcasi...

Euro and Pound Soar to New Heights Against Dollar Following US Tariff Announcement

The euro and pound have surged against the dollar, reaching highs not seen since October 2024, following the US's imposition of tariffs on the EU and UK among others. The euro rose...

Euro and Pound Soar Against Dollar Following New U.S. Tariffs on EU and UK

The euro and pound surged against the dollar after the U.S. imposed tariffs on the EU and UK, reaching their highest levels since October 2024. The euro rose by 1.05% to $1.09679, ...

Wall Street Rises as Investors Eye Federal Reserve's Interest Rate Decision

The US stock market opened higher as investors awaited the Federal Reserve's interest rate decision, following a 6.2% drop in mortgage applications. Major indexes, including the Do...

European Markets Hold Steady as Investors Await Federal Reserve's Crucial Rate Decision

European markets remained mostly flat as investors awaited the Federal Reserve's interest rate decision. The DAX saw a slight decrease, while the FTSE 100, CAC 40, and Euro Stoxx 5...

Wall Street Holds Steady: Investors Eye Key Economic Indicators and Federal Reserve's Next Move

Wall Street remains steady as investors await key economic indicators and the Federal Reserve's interest rate decision. Major indexes were flat, and the euro gained slightly agains...

Indian Rupee Takes a Dive: Sharpest Fall in Two Weeks Against the Dollar

The Indian rupee saw its sharpest single-day fall in two weeks against the dollar, influenced by dollar bids and the Chinese yuan's weakness. Asian currencies also declined, with t...

Wall Street Rises in Premarket Trading as Investors Await Key Jobs Report

Wall Street shows signs of recovery in premarket trading ahead of the February jobs report. With the Nasdaq 100 previously dropping 3%, investors are hopeful for a positive jobs re...

US Stock Markets Dip Premarket Amid New Tariffs and Global Trade Tensions

US stock markets faced losses in premarket trading due to new tariffs on Chinese imports and escalating trade tensions. The Dow Jones, Nasdaq 100, and S&P 500 all saw declines, whi...

Asian Markets React Variably to Mixed Wall Street Close Amid Trump's Tariff Announcement

Asian markets showed mixed reactions after Wall Street's mixed close, influenced by President Trump's tariff announcement on Canada and Mexico. Japan's Nikkei 225 was flat, Hong Ko...

US Markets Hold Steady in Premarket Trading Ahead of Holiday Weekend

Wall Street remains steady in premarket trading, with key indices showing minimal movement. Investors await January's retail sales and industrial production figures before the holi...

US Markets React to Inflation Surge: Dow Jones, Nasdaq, and S&P 500 Show Mixed Signals

US stock indexes showed mixed reactions in premarket trading following a CPI report indicating a rise in annual inflation. Key reports and financial results from major companies ar...

Wall Street Ends Mixed as Powell Cautions Against Hasty Rate Cuts

Wall Street experienced mixed results as Federal Reserve Chair Jerome Powell advised against hasty rate cuts. Investors are now looking forward to earnings reports from major corpo...

Wall Street Holds Steady in Premarket as Investors Await Key January Jobs Report

Wall Street remains steady in premarket trading as investors eagerly await the January nonfarm payrolls report and wholesale inventories data. The Dow Jones, Nasdaq 100, and S&P 50...

European Markets Dip as Investors Digest Earnings Reports and Await Economic Data

European stock markets opened lower as investors analyzed earnings from major companies and awaited economic data. Key indices like the DAX, CAC 40, and Euro Stoxx 50 saw declines,...

Euro Surges to Five-Week High Against Dollar Amid Positive Economic Data

The euro has reached a five-week high against the dollar, driven by positive economic data from the Eurozone, including a return to growth in the private sector and an unexpected b...

U.S. Stock Market Faces Sharp Decline as Dow Drops 360 Points Premarket Amid Jobs Data

Following the release of positive nonfarm employment data showing a 256,000 job increase in December, U.S. stock markets faced a downturn, with the Dow Jones dropping 360 points. T...

Asian Markets Show Positive Momentum as Investors Eye Upcoming Inflation Reports

Asian stock markets mostly rose as investors await Chinese inflation data and US job reports, with the Nikkei 225 leading gains. The dollar strengthened against the yen.

Asian Markets Show Mixed Performance as Holiday Season Approaches

Asian stock markets showed mixed results on Wednesday, with subdued trading activity due to the Christmas holiday season. Mainland China's indices showed mixed performance, while J...

Holiday Season Brings Optimism: Wall Street Ends Shortened Trading Day with Gains

US stock markets closed higher on a shortened trading day before the holiday break, driven by tech sector gains and President Biden's probe into China's semiconductor trade practic...

UK Economy Flatlines: European Markets Open Lower Amid Economic Concerns

European stock exchanges opened lower on Monday, influenced by the UK's stagnant GDP in Q3 2024. Key indices like CAC 40, Euro Stoxx 50, FTSE 100, and DAX showed declines. The euro...

Honda and Nissan Merger Talks Spark Optimism Across Asian Markets

Asian stock markets mostly rose on Monday as investors anticipated the official announcement of reported merger talks between Honda and Nissan. Key indexes in Australia, South Kore...

US Stock Market Surges on Strong Consumer Confidence and Spending Data

US stock market indexes reversed early declines to post significant gains driven by positive consumer confidence and personal spending data, overshadowing temporary concerns about ...

Fed's Rate Cut and GDP Growth: US Markets React with Mixed Results

US stock markets closed mostly lower after the Federal Reserve's 25-basis-point rate cut and the announcement of a 3.1% GDP growth in Q3 2024. The euro was flat against the dollar.

Dow Jones Surges Over 300 Points in Premarket Trading Amid Fed Rate Cut Optimism

Dow Jones Industrial Average surges over 300 points in premarket trading following Federal Reserve's 25 basis point rate cut, with Nasdaq 100 and S&P 500 also gaining. Fed Chair Po...

Fed Rate Decision Looms: Dollar Strengthens, Auto Stocks Rally on Nissan-Honda Talks

Global shares and the U.S. dollar rise ahead of the Fed's interest rate decision, while automaker stocks rally on news of potential Honda-Nissan tie-ups. The dollar reaches multi-m...

European Markets Unsteady as Dollar Strengthens Amid Central Bank Meetings

European shares wobble and the dollar firms as traders await central bank meetings, with the Fed expected to cut rates and other banks likely to maintain policies. U.S. markets out...