EUR/USD continues to decline for a third straight day as global investors react to new tariff threats from U.S. President Donald Trump. The risk-off mood, driven by trade concerns and strong U.S. labor data, has strengthened the U.S. Dollar, sending the Euro further into correction territory. At the time of writing, EUR/USD trades near 1.1680 […]
Gold has officially overtaken the Euro as the world’s second-largest reserve asset, according to a recent European Central Bank (ECB) report. This marks a pivotal ECB gold reserve shift driven by central banks seeking stability amid global uncertainty. While the U.S. dollar remains dominant, its lead continues to shrink. Gold Rises as a Trusted Store […]
U.S. Dollar emerged as a standout performer for 2024, heading for an impressive 6.6% annual gain. Meanwhile, the Japanese yen faced its fourth consecutive year of losses as traders braced for robust U.S. growth and a cautious Federal Reserve approach to rate cuts in 2025. The dollar index, which measures the U.S. currency against major […]
Economic reports this week will provide key insights into inflation, employment, and monetary policy across China, the UK, the US, and the Eurozone. These indicators are expected to shape upcoming central bank decisions and offer a glimpse into the health of global markets. Monday: China’s Inflation China’s Consumer Price Index (CPI) is projected to rise […]
The European Central Bank (ECB) has reiterated its negative stance on cryptocurrencies, particularly Bitcoin, in a recent blog post titled “ETF approval for Bitcoin—the naked emperor’s new clothes.” The post, authored by Ulrich Bindseil, the Director General of the ECB’s Market Infrastructure and Payments division, and Jürgen Schaaf, an adviser to the same division, criticizes […]
The euro has gained some ground against the dollar and other major currencies after a Reuters report revealed that the European Central Bank (ECB) may soon start discussing how to reduce the huge amount of excess cash in the banking system. Citing insights from six reliable sources, the report forecasts that deliberations concerning the multi-trillion-euro […]
In a promising development, the euro made gains against the dollar on Wednesday as new inflation data from Germany and Spain heightened the likelihood of an impending rate hike by the European Central Bank (ECB). Fresh statistics reveal that consumer prices in both of these nations surged beyond projections in August, signaling a growing buildup […]
In what seemed like a promising year for the euro, the currency has experienced a remarkable 3.5% surge against the dollar, hovering just under the $1.10 mark. Investors have been riding high on optimism as they bet on the euro’s continued rise, speculating that the U.S. Federal Reserve will halt its rate hike cycle before […]
The euro faced a setback in its recent rally against the US dollar, failing to maintain its grip above the psychological level of 1.1000. Instead, it closed the week at 1.0844 after a significant sell-off on Friday, triggered by lackluster Purchasing Managers’ Index (PMI) data from Europe. Although the euro had been experiencing a […]
