Euro

Yen tumbles on likely new leader, euro slides after French PM resigns

The dollar rose 1.8 per cent to 150.1 yen, its highest since August. If sustained, that would be its biggest daily gain since May 12

European banks to launch euro stablecoin, challenge US crypto dominance

The European banks' new Amsterdam-based company is expected to launch its stablecoin in the second half of next year

European bonds face volatility as Dutch pension reform nears €2 trn mark

The Dutch central bank warned earlier this year of a risk to financial stability, and the complexity of the underlying mechanics means it's hard to get a grasp on the extent of any disruption

SBI signs Euro 100 mn line of credit with AFD to boost green financing

The funds raised will be used for climate mitigation actions aimed at reducing greenhouse gas emissions, the bank stated

Gold tops euro as 2nd-largest reserve asset: What it means globally

Gold has overtaken the euro to become the world's second-biggest reserve asset as central banks continue to buy amid global uncertainty

Microsoft offers cheaper Office without teams to address EU concerns

The European Commission said it would seek feedback from rivals and customers before deciding whether to accept the offer. Reuters was the first to report the proposal earlier this week

Rupee rises against dollar but falls against euro, pound amid trade deals

The rupee has been caught in a swirl of trade negotiations between the US and other major economies such as the UK and China, even as the US Fed considers rate cuts later this year

Euro rallies alongside safe havens as Trump tariffs rattle markets

The risk-sensitive Australian and New Zealand dollars, as well as the Swedish and Norwegian crowns, all tumbled against the dollar

Trump tariffs could slow euro growth by up to 1%, says Greek central banker

Comments come against the backdrop of European Union countries weighing approval of a first set of targeted countermeasures on up to $28 billion of US imports in coming days

Dollar dented by worries over Trump's tariffs; euro remains in favour

The euro has strengthened after German parties on Friday agreed on a fiscal deal that could boost defence spending and revive growth in Europe's largest economy

Euro rallies as Germany's historic debt overhaul boosts growth outlook

Germany's bond yields surged as investors digested the additional borrowing expected to back the debt overhaul

Dollar holds ground as tariffs on China kick in but Euro, Yuan, AUD slide

Canadian dollar, Mexican peso down after Monday rebound

Rupee volatility likely to drive imported luxury car prices off course

Luxury car sales touched 51K units for first time in 2024

ECB cuts rates 25 bps to 3% amid worsening growth outlook for Euro zone

The ECB has been easing policy as inflation worries largely evaporate and the debate shifts to whether it is cutting rates fast enough to support an economy that is lagging global peers

Europe's economy to suffer if chaos continues in France, Germany: Experts

Even before the French and German governments collapsed, Europe's economy had enough difficulties. Tepid growth and lagging competitiveness versus the US and China. An auto industry that's struggling. Where to find billions for defense against Russia? And now Donald Trump threatening tariffs. Solutions will be harder to find while the two countries that make up almost half of the eurozone economy remain stuck in political paralysis well into 2025. Where once there was the so-called French-German axis to push Europe ahead, now there's a vacuum. French Prime Minister Michel Barnier resigned Thursday after losing a vote of confidence, and while President Emmanuel Macron will appoint a successor, the new head of government will lack a majority. Elections are not constitutionally permitted until at least June. Germany's coalition led by Social Democratic Chancellor Olaf Scholz with the Greens and pro-business Free Democrats fractured in November, triggering an early election on Feb. 23.

Euro ticks up despite French govt collapse; bitcoin breaks $100,000

Bitcoin, world's best known cryptocurrency, has been on a tear since November on expectations that Donald Trump's US election win will usher in a friendly regulatory environment for cryptocurrencies

Asian stocks rise to record highs on Wall Street; euro, yuan slump behind

The dollar received some support overnight from better-than-expected U.S. manufacturing data, which also showed a mitigation in price increases

RTGS in USD, Euro, British pound: How RBI proposal will help Indians

Money transfer facility's expansion could be achieved through bilateral or multilateral arrangements

Yen rises sharply, euro touches its highest this year as dollar retreats

The minutes of the Fed's July meeting, due on Wednesday, and Powell's speech on Friday are likely to be the main currency drivers in a week that will also see inflation data from Canada and Japan

Wait-and-see ECB boosts euro's strong comeback as King Dollar's crown slips

With global markets lined up for quick-fire US rate cuts, the ECB signalled heightened concerns about volatile inflation, helping to sustain an upward shift for the euro