Rupee climbs with Asian peers, forward premiums stick to uptrend

The Indian rupee strengthened alongside regional peers on Thursday as the dollar was weighed down by concerns over the independence of the U.S. Federal Reserve and a pullback in geopolitical risk premium. The rupee rose nearly 0.4% to 85.74 as of 11:40 a.m. IST, broadly in line with gains seen among Asian peers. The offshore Chinese yuan was perched near its strongest level since Donald Trump's victory in the U.S. elections, while the dollar index hovered near a three-year low.

Brought to you by Yahoo! Finance

26 Jun, 2025
/ 03:02

Euro Gets Back to Pre-War Levels

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.

Brought to you by Yahoo! Finance

24 Jun, 2025
/ 12:37

Swiss Franc Stands Alone Against the Dollar

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.

Brought to you by Yahoo! Finance

23 Jun, 2025
/ 14:10

Why the Dollar Is Rising After the U.S. Strikes on Iran

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.

Brought to you by Yahoo! Finance

23 Jun, 2025
/ 12:51

Are you worried about rising petrol prices due to the Middle East crisis? Have your say

The cost of petrol is under the spotlight as tensions between Iran and the US intensify.

Brought to you by Yahoo! Finance

23 Jun, 2025
/ 11:44

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.

Brought to you by Yahoo! Finance

20 Jun, 2025
/ 15:34

July Deadline Looms After G-7 Fails to Yield Trade Deals

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.

Brought to you by Yahoo! Finance

18 Jun, 2025
/ 11:12

Bulgaria Poised to Join the Euro: An Interview with Scope Ratings’ Dennis Shen

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.

Brought to you by Yahoo! Finance

16 Jun, 2025
/ 17:21

Countries Hope to Make Tariff Pacts With Trump at G-7

Nations are eyeing the G-7 summit in Canada as an opportunity to strike trade deals with President Trump—or at least build momentum and ease tensions over tariffs. Japan, the European Union, Canada and Mexico all hope face time with Trump will help them persuade the president to lower some of his most onerous tariffs in exchange for concessions.

Brought to you by Yahoo! Finance

16 Jun, 2025
/ 11:19

ECB: Gold Now Second Only to USD in Global Reserves

Gold has not only appreciated in nominal terms—it has been reconceptualized as a core asset for monetary sovereignty and geopolitical insulation.

Brought to you by Yahoo! Finance

15 Jun, 2025
/ 09:13

Gold Is the Real Rival to the Dollar’s Reserve Status

A report issued Wednesday by the European Central Bank highlighted the shifts underway in the portfolios of global central banks. Central banks have pared back dollar holdings in recent years, with the currency's share of all reserve assets falling to 46% last year. Financial sanctions imposed on Russia, which saw some $300 billion of central-bank assets frozen in 2022, showed how dollar assets can be used as a weapon.

Brought to you by Yahoo! Finance

11 Jun, 2025
/ 11:43

Pound takes breather after hitting highest point against dollar since 2022

Sterling's rally has sent it to its highest point against the greenback since 2022, but that's largely due to dollar weakness, analysts say

Brought to you by Yahoo! Finance

06 Jun, 2025
/ 09:05

ECB Cuts Rates Again, Widening Gap With Federal Reserve

The European Central Bank cut its key interest rate to the lowest level since early 2023, a response to slowing inflation and threats to growth from President Trump’s trade war. The move deepens a divergence with the U.

Brought to you by Yahoo! Finance

05 Jun, 2025
/ 12:18

Dollar Loses Ground After Lower-Than-Expected May Hiring

U.S. private-sector hiring misses forecast by a lot, weighing on the dollar. ADP reports job creation in May at 37,000, the lowest level since March 2023. It is down from 60,000 in April and WSJ consensus of 110,000.

Brought to you by Yahoo! Finance

04 Jun, 2025
/ 13:21

Eurozone inflation cools to 1.9% in May paving way for interest rate cut

Core consumer price inflation, which strips out volatile factors, was slightly below estimates, at 2.3% year-on-year — having cooled from 2.7% in April.

Brought to you by Yahoo! Finance

03 Jun, 2025
/ 09:20

The Dollar Is Close to Multiyear Lows

The dollar weakened against a range of currencies Monday. The WSJ Dollar Index recently traded 0.5% lower at 95.33, matching an end-of-day low hit a week ago. The next milestone to watch: last September's closing nadir of 95.

Brought to you by Yahoo! Finance

02 Jun, 2025
/ 14:02

EU Sends Trade Team to Washington for Talks

The European Union sent a technical team to Washington for trade negotiations with the Trump administration, a spokesman said Monday. Over the weekend, the EU warned that Trump's new plan to double steel tariffs to 50% could imperil negotiations between the two economies and trigger retaliatory tariffs on U.S. goods. The spokesman reiterated that warning Monday, saying the EU was ready to take countermeasures if "our negotiations do not lead to a balanced outcome."

Brought to you by Yahoo! Finance

02 Jun, 2025
/ 11:00

Bulgaria on Track to Adopt the Euro, Supporting the Economic Outlook

Bulgaria is on track to adopt the euro in January 2026, a development which would support the stability of the highly euro-ised economy, improve monetary-policy flexibility and enhance sovereign market access.

Brought to you by Yahoo! Finance

02 Jun, 2025
/ 10:00

The Dollar Takes Another Hit From Trump’s New Tariff Threats

The currency was lower on Friday—including against the euro, Japanese yen and Canadian dollar—after Trump targeted Apple and the European Union in his latest trade broadside. Higher tariffs threaten Europe's already-anemic growth and will encourage the European Central Bank to cut interest rates more aggressively.

Brought to you by Yahoo! Finance

23 May, 2025
/ 14:54

EU Won’t Comment on Trump Tariff Threat Before Call With Greer

The European Union won’t comment on President Trump’s threat to impose a 50% tariff on the bloc before a scheduled phone call between the two sides' top trade officials, an EU spokesperson said. EU Trade Commissioner Maroš Šefčovič is expected to speak with U.

Brought to you by Yahoo! Finance

23 May, 2025
/ 13:07

Challenges for the Pound After Inflation and GDP Edge Down

Despite a generally strong job report, the pound has held close to recent lows.

Brought to you by Yahoo! Finance

24 Jan, 2025
/ 10:52

Sterling slumps to new low; gilt yields soar

Higher bond yields would usually support the country’s currency, but there are fears that the rising costs needed to support UK government debt could lead to further tax increases or spending cuts, hindering the chances of an economic recovery. Markets "continue to function in an orderly way" and movements in government borrowing costs were being driven by "a wide range of international and domestic factors," he added.

Brought to you by Yahoo! Finance

09 Jan, 2025
/ 13:25

Further Losses for the Euro After the ECB Cuts Rates as Expected

Inflation below target suggests that the cycle of loosening will probably continue up to summer 2025.

Brought to you by Yahoo! Finance

21 Oct, 2024
/ 13:00