Dollar tumbles as Powell signals possible September rate cut

NEW YORK (Reuters) -The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to such a move. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was last down 0.96% on the day at 97.66, after trading around 98.7 before Powell's comments. "And if those risks materialize, they can do so quickly,” he told an audience of international economists and policymakers at the Fed’s annual conference in Jackson Hole, Wyoming.

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22 Aug, 2025
/ 01:36

European Business Takes Trump Tariffs in Stride

European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

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21 Aug, 2025
/ 14:45

Dollar Moves Lower with T-Note Yields

The dollar index (DXY00 ) on Wednesday fell by -0.05%. The dollar fell from a 1-week high on Wednesday and turned slightly lower on a decline in T-note yields. Also, political risks and concerns about Fed independence weighed on the dollar after President Trump called for Fed Governor Lisa Cook...

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20 Aug, 2025
/ 19:34

Dollar Falls as Trump Calls for Fed Governor Cook to Resign

The dollar index (DXY00 ) today is down by -0.12%. The dollar fell from a 1-week high today and turned lower on political risks and concerns about Fed independence after President Trump called for Fed Governor Lisa Cook to resign amid a probe into two personal mortgages. FHFA Director Pulte...

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20 Aug, 2025
/ 14:30

Signs of Peace Progress in Ukraine Boosts the Euro and Weighs on the Dollar

The dollar index (DXY00 ) today is down by -0.08%. The dollar is under pressure today from lower T-note yields. Also, signs of progress in peace talks over Ukraine are boosting EUR/USD at the expense of the dollar. Losses in the dollar are limited due to concern that last week's...

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19 Aug, 2025
/ 14:29

Morning Bid: Caution on Ukraine, eyes on Jackson Hole

Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.S. housing market on Tuesday and this week's Federal Reserve conference in Jackson Hole dominated thinking. European stock benchmarks nudged higher and the defence sector slipped after U.S. President Donald Trump told his Ukrainian counterpart Volodymyr Zelenskiy that Washington would help guarantee Ukraine's security in any peace deal to end Russia's war. Germany said Zelenskiy and Russian President Vladimir Putin would meet within the next two weeks.

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19 Aug, 2025
/ 10:38

Ireland’s Export-led Economy Looks Robust Enough to Withstand Higher US Trade Tariffs for Now

Higher US tariffs on EU imports represent an external headwind for Ireland’s export and corporate-tax dependent economy, but the 15% tariff looks manageable without materially weakening Ireland’s public finances.

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18 Aug, 2025
/ 20:22

Is it better to rent or buy as interest rates fall? Readers have their say

Falling UK interest rates have led to lower mortgage costs, which means buying may be a better option than renting.

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15 Aug, 2025
/ 14:02

A Trader’s Guide to the Alaska Talks Between Trump and Putin

In the run-up to the talks, investors have been piling into assets that could stand to benefit from either a ceasefire in Ukraine or an easing of sanctions on Russia. Ukrainian government bonds have rallied, alongside shares of companies that would benefit from the reconstruction of Ukraine and European banks that still have a presence in Russia.

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15 Aug, 2025
/ 08:20

Growth fades in Europe: Is the recovery already running out of steam?

The eurozone economy barely grew in the second quarter. Germany and Italy contracted, while Spain continued to shine.View on euronews

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15 Aug, 2025
/ 05:01

EU economic growth slows to 0.2% in second quarter

Comparatively, the US grew 0.7% and the UK grew 0.3%, figures show.

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14 Aug, 2025
/ 10:07

August’s Highlights in the Financial Markets

August has brought some controversial data releases that reshaped some expectations in the markets.

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14 Aug, 2025
/ 09:34

Five Reasons Why Trump’s Trade War Is Likely to Escalate

Buoyant markets, a resilient US economy, customs revenues, appeasement by trading partners and conducive politics point to further escalation in US trade tensions, already set to cut global output by 0.7pps in the medium term.

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13 Aug, 2025
/ 12:54

Bank of England cuts gilt holdings by £32.5bn in second quarter

A significant reduction in gilt holdings was recorded from April to June 2025, according to a report released on Tuesday.

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12 Aug, 2025
/ 12:27

Dollar Moves Higher Ahead of US CPI Report

The dollar index (DXY00 ) on Monday rose by +0.36% to a 1-week high. The dollar moved higher Monday as EUR/USD retreated after comments from Ukrainian President Zelenskiy dampened optimism of any quick resolution to the Russian-Ukrainian war when he rejected any talk of Ukraine ceding territory to Russia. Also,...

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11 Aug, 2025
/ 19:34

Austria: Persistent Fiscal Pressures Coupled With Weak Growth Challenge Resilience to Future Crises

The Austrian government’s planned fiscal consolidation is unlikely to stabilise general government debt-to-GDP without further measures to help offset rising structural spending amid the weak outlook for growth.

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11 Aug, 2025
/ 16:55

Dollar Gains on Euro Weakness

The dollar index (DXY00 ) today is up by +0.38% at a 1-week high. The dollar is moving higher today as EUR/USD retreated after comments from Ukrainian President Zelenskiy dampened optimism of any quick resolution to the Russian-Ukrainian war when he rejected any talk of Ukraine ceding territory to Russia....

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11 Aug, 2025
/ 14:31

Dollar edges up with US inflation report on tap

NEW YORK (Reuters) -The U.S. dollar firmed across the board on Monday, a day before the release of a U.S. inflation report that could help determine whether the Federal Reserve lowers borrowing costs next month. "A very modest hawkish repricing of Fed policy expectations appears to be helping the move along, likely driven by participants squaring up some positions ahead of the risk that tomorrow's CPI print presents," he said. The dollar softened last week as investors adjusted their expectations for interest rate cuts from the Fed after soft data on U.S. jobs and manufacturing.

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11 Aug, 2025
/ 01:53

Can Gold Reach Another New High in Q3 2025?

Gold reached another new record peak in Q2 2025, marking the seventh consecutive quarterly high for the precious metal that is the world’s oldest store of value. While the price remains below the Q2 high in August 2025, there is still plenty of time for gold to rise to a new peak and an eighth consecutive new record high before the end of September 2025.

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08 Aug, 2025
/ 15:27

Will car finance claimants get fair payouts? Yahoo Finance UK readers have their say

The FCA said as much as £18bn could be paid out to car finance claimants, but law firms' and consumer reactions have been mixed

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08 Aug, 2025
/ 11:13

Eurozone inflation hits 2% ECB target after June interest rate cut

Services inflation was estimated to be the biggest driver of price rises, clocking a 3.3% rise. Food, alcohol and tobacco prices also ticked up 3.1%.

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01 Jul, 2025
/ 09:34

The EUR/USD Paradox: A Strong Euro in a Weak Economy

The euro is on a tear. It’s climbed to its highest level since late 2021, brushing up against the $1.16 mark.

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27 Jun, 2025
/ 12:54

Challenges for the Pound After Inflation and GDP Edge Down

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

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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.

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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.

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21 Oct, 2024
/ 13:00