The euro continued to gain ground against the US dollar, surging 1.23% over $1.1500 for the first time since November 2021.Trade tensions between the United States and China continued to affect markets, sparking fears of long-term economic uncertainty and US economy plunging into...
Japan's Finance Minister Katsunobu Kato said on Friday that the country is not intentionally weakening the yen."Japan does not manipulate the currency market to intentionally weaken the yen, as seen by the fact our latest action was to conduct yen-buying intervention," Kato told lawmakers in...
The US dollar dropped sharply against the yen on Wednesday, falling to its weakest level since October 2. The fall followed an announcement from China's Finance Ministry that it would raise tariffs on US imports from 34% to 84%, effective April 10, in response to new US levies.The announcement...
China's offshore yuan reached its lowest point ever versus the American dollar on Tuesday, as the ongoing trade dispute between the world's two largest economies showed few signs of abating.Yesterday, US President Donald Trump warned of additional tariff hikes on China, after both nations...
The euro soared against the Australian dollar on Thursday, hitting its highest level since March 2020, after United States President Donald Trump announced retaliatory tariffs on imports from numerous countries, raising concerns about global trade and triggering a crash of stock markets all over...
The euro and the pound surged against the dollar on Thursday after the United States imposed tariffs on a wide range of countries, including the European Union and the United Kingdom. Both currencies reached a high unseen since October 2024. The euro gained 1.05% at 9:56 am CET, selling...
The Turkish lira slid on Wednesday landing at all-time lows against the United States dollar and the euro amid political turmoil in the country.
Earlier, Turkish police detained Istanbul Mayor Ekrem Imamoglu over a corruption probe. The arrest comes a few days ahead of his being named the...
The dollar sank compared to the yen on Monday, reaching a low unseen since December 17. On Friday, the Bank of Japan raised interest rates to 0.5%, taking them to their highest level in 17 years. The country's business activity improved slightly in January, although manufacturing lagged behind...
The euro climbed against the dollar on Friday, hitting a five-week high following the latest economic data. The Eurozone's private sector returned to growth in January, according to a preliminary PMI report. Although manufacturing remains in contraction, it is moving toward a recovery, led by an...
The euro jumped to its highest point against the British pound since late August 2024 on Monday.The report revealed that Germany's producer inflation rose for the second consecutive month, highlighting economic resistance that appeared to bolster the euro's upward movement. The European...
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