Tag Archives: Euro

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) accelerated by 8.9% in July vs. June’s 8.6%, the latest data published by Eurostat showed on Friday. The market consensus was for an 8.6% figure. The core figures rose to 4.0% YoY in July when compared to 3.8% expectations and 3.7% …

The Japanese yen rose on Friday, set for its biggest weekly gain in four months against the dollar on bets that US interest rates are nearing a peak after data on Thursday showed that the world’s largest economy unexpectedly contracted in the second quarter. Futures markets expect US interest rates …

European shares rose on Friday, set for their first monthly gain in four months as solid corporate earnings overshadowed global recession fears. Meanwhile, the focus now turned to eurozone inflation and gross domestic product data due later on Friday. The pan-European STOXX 600 index rose 0.7 percent by 0715 GMT, …

Volatility erupted in the forex market after the US officially entered a technical recession in the second quarter of 2022 and Europe’s energy crisis keeps inflation sticky high. This development followed the Fed’s second consecutive 75-basis-point interest rate hike, for the first time since early 1980s.Today, currency flows shifted to …

European shares rose to a seven-week high on Thursday as some concerns about the pace of the Federal Reserve’s rate hike dissipated while strong business results for companies, including Shell, supported buying. And the Federal Reserve (the US central bank) raised the interest rate by 75 basis points, as expected, …

The dollar fell to a three-week low against the yen on Thursday after US Federal Reserve Chairman Jerome Powell calmed investor concerns about continued monetary tightening. The dollar fell to 135.105 yen to the dollar, its lowest since July 6, after the US central bank raised the key interest rate …

The dollar moved further away from its highest level in 20 years on Wednesday before the Federal Reserve meeting. The US central bank is expected to raise interest rates by another 75 basis points to rein in spiralling inflation. However, trading in the currency markets was limited as traders awaited …

European shares rose on Wednesday, thanks to strong results from Britain’s Reckitt Benckiser and Russia-exposed bank UniCredit, while a decline in luxury goods LVMH shares limited gains. The pan-European Stoxx 600 index rose 0.2 percent. Still, investors are cautious amid concerns over energy supplies in Europe, with the US Federal …

Japan’s Nikkei index reversed course to close higher on Wednesday, supported by gains in chip-related stocks. At the same time, investors remained cautious ahead of the US Federal Reserve’s interest rate decision due later on Wednesday. The Nikkei rose 0.22 percent to 27,715.75 points, and the broader Topix index rose …

Despite the markets absorbing the US interest rate hike this week, increasing uncertainty about its future path kept the dollar price below its recently reached 20-year high on Tuesday. In contrast, the recent Russian gas supply cuts kept the euro under great pressure. Later on Tuesday, the Federal Reserve begins …