EUR/USD (Euro –US Dollar)

By Karin Strohecker, Dhara Ranasinghe and Samuel Indyk LONDON, Jan 18 (Reuters) - Global markets are facing volatility after President Donald Trump vowed to slap tariffs on eight European nations

Most major currencies were quoted weaker against the dollar in early trading, with the euro and pound sterling leading declines among Group-of-10 peers. The yen and Swiss franc were indicated slightly stronger as traders sought haven assets. Trump on Saturday announced a 10% tariff as of Feb. 1 on goods from European countries that have rallied to support Greenland in the face of US threats to seize the semi-autonomous Danish territory.

Speaking at a meeting of the Bellagio Group in London, Bailey said global economy is entering a more fragile phase

The wealth management unit posted $8.4bn in net revenue in the most recent quarter, up from $7.5bn a year earlier.

Germany's troubled economy returned to modest growth last year after two years of falling output, official figures showed, as hopes rise that government spending on bridges, rail lines and defense may help end years of stagnation. The expansion in gross domestic product of 0.2% for 2025 was fueled by stronger consumer and government spending while exports sagged under the weight of more restrictive U.S. trade policy under President Donald Trump, the German Federal Statistical Office said on Thursday. “Germany’s export business faced strong headwinds owing to higher U.S. tariffs, the appreciation of the euro and increased competition from China,” statistical office head Ruth Brand said in a statement accompanying the statistical release.

Eurostat data shows retail trade volumes rose by 0.2% month on month in the euro area and the EU in November 2025, signalling a cautious recovery in consumer spending.

1519 GMT – The euro is expected to appreciate versus sterling as the European Central Bank’s and the Bank of England’s interest-rate paths diverge, Nomura’s Dominic Bunning says in a note. The BOE is expected to cut rates further as U.K. inflation decelerates, while the ECB could keep interest rates on hold. 1408 GMT – The dollar is expected to face increased volatility this year due to rising political pressure on the U.S. Federal Reserve, Rabobank’s Jane Foley says in a note.

Amid Bulgaria’s decision on the implementation of the euro starting 1 January 2026, the information and documents regarding the budget process for 2026 have been prepared in euros for the first time.

March Euro currency futures present a selling opportunity on more price weakness.

Despite mostly weaker recent data, the greenback has held or gained against majors in early January.

FOREIGN EXCHANGE 1519 GMT – U.S. Treasury yields extend their fall, albeit only slightly, while the U.S. dollar trims gains after U.S. ISM business manufacturing PMI data came in below forecasts. The December ISM PMI manufacturing index was 47.

The dollar index (DXY00 ) on Friday rose by +0.15%. The dollar moved higher on Friday due to weakness in the euro and yen, which both fell to 1.5-week lows against the dollar. Also, higher T-note yields on Friday strengthened the dollar's interest rate differentials. Strength in stocks on Friday...

March Euro currency futures present a selling opportunity on more price weakness.

The dollar index (DXY00 ) today is up by +0.05%. The dollar is moving higher today due to weakness in the euro and yen, which both fell to 1.5-week lows against the dollar. Also, higher T-note yields today have strengthened the dollar's interest rate differentials. Gains in stocks today have...

Investing.com -- The dollar is heading for its sharpest annual retreat in eight years as investors anticipate further declines if the next Federal Reserve chair implements more interest-rate cuts.

The leading most diversified U.S. stock market index is the S&P 500. While the index has rallied by nearly 16% in 2025 to a record high, the top stock index may be inexpensive relative to another asset with a long history as the world’s leading currency: gold.

Asian shares were mixed Thursday in thin holiday trading, with most markets in the region and elsewhere closed for Christmas. Investors were encouraged by a statement by the People’s Bank of China, China’s central bank, promising to ensure adequate money supply to support financing, economic growth and inflation targets. U.S. markets will reopen for a full day of trading on Friday, though volumes will likely remain light this week with most investors having closed out their positions for the year.

The dollar held generally steady despite renewed signs of U.S. labor resilience as currency markets brace for a potential intervention to support the Japanese yen.

The Bloomberg Dollar Spot Index fell as much as 0.4% on Tuesday to the lowest level since early October before trimming its loss after a report showed US economic growth accelerated last quarter. The greenback index is down about 8% this year, putting it on track for its worst year since 2017, and the options market points to further declines in the coming months. Expectations that Federal Reserve will lower borrowing costs further while many other major central banks are close to being done with their easing cycles have weighed on the greenback.

The dollar retreated Tuesday, adding to recent weakness. The WSJ Dollar Index ended the day 0.4% lower, with the euro and British pound among currencies gaining against the greenback. The dollar finished the day near its lows, despite a surprisingly strong U.