EUR/USD
Traders are lining up to short the British pound with a possible recession on the horizon
British Union flag, also known as a Union Jack, and an American flag at ETX Capital, a broker of contracts-for-difference. The pound has fallen more than 8% against the dollar, and is attracting short bets from traders as the British economy faces soaring inflation and a cost-of-living crisis. Chris Ratcliffe | Bloomberg | Getty Images […]
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The euro is nearing parity with the dollar: Here’s what it could mean for investors
The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is nearing parity with the U.S. dollar for the first time in 20 years, but currency strategists are divided on whether it will get there, […]
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ECB’s Villeroy says too weak euro threatens price stability
ECB policymaker Francois Villeroy de Galhau. Eric Piermont | Afp | Getty Images The euro’s weakness on currency markets could threaten the European Central Bank’s efforts to steer inflation towards its target, ECB policymaker Francois Villeroy de Galhau said on Monday. The euro on Thursday hit its lowest against the dollar since 2017. It traded […]
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Euro sinks to five-year low on energy supply, slowdown fears
The euro traded almost 0.4% against the U.S. dollar to a level not seen since 2017. This after Gazprom decided to cut gas supplies to Poland and Bulgaria. Kinga Krzeminska | Moment | Getty Images The euro tumbled against the U.S. dollar Wednesday morning as investors grew increasingly concerned with energy supply and a potential […]
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It’s the French election this weekend — here’s what Wall Street expects to happen
As French voters head to the polls Sunday, Wall Street is forecasting market upset if far-right candidate Marine Le Pen proves victorious. Timothy A. Clary | Afp | Getty Images French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent Emmanuel Macron […]
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France’s Macron to face far-right rival Le Pen in presidential election runoff
The cost of living and the war in Ukraine have been front and center of the political debate ahead of the French vote. Chesnot | Getty Images News | Getty Images French leader Emmanuel Macron and his far-right rival Marine Le Pen topped the first round of presidential elections on Sunday, according to exit polls, […]
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French markets skittish as far-right candidate Le Pen closes gap in election polls
French National Front (FN) leader Marine Le Pen has gained ground against incumbent President Emmanuel Macron in the latest polling ahead of the first round of the French presidential election on April 10. Charles Platiau | Reuters French markets have been jolted as new polling shows far-right candidate Marine Le Pen closing the gap to […]
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No recession — but a growth slowdown due to Russia-Ukraine war, EU economics chief says
The European Union’s economics chief says Russia’s war with Ukraine will trigger a growth slowdown this year, warning the bloc’s existing growth forecast of 4% is now no longer viable. European commissioner for economics and taxation, Paolo Gentiloni, said Saturday that the Ukraine crisis will usher in a period of lower growth for the 19 […]
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Putin talks tough on gas-for-rubles deadline. But European leaders aren’t too worried
Russian President Vladimir Putin has demanded so-called “unfriendly” countries pay for Russian gas in rubles. Mikhail Klimentyev | Afp | Getty Images Russian President Vladimir Putin has sought to ratchet up the pressure on foreign buyers of natural gas, telling so-called “unfriendly” countries to pay in rubles from Friday — or have their supplies cut […]
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