EUR/USD

ECB in Strong Position to Assess Incoming Economic Developments, Nagel Says

The Trump administration on Friday will impose new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expires. The move is the White House's latest effort to restore President Donald Trump's campaign vision of a near-global ...

ECB president Christine Lagarde’s comments at the press conference were a good illustration of how close a central bank can get to pre-committing without actually pre-committing. It’s obvious that the recent roller-coaster ride of energy prices has made the ECB both more hawkish but also cautious. Where there seemed to be very little need for an additional ...

Please let this statement serve to represent, until further notice, that from this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will be paid for by Iranian Money that the United States has in its possession, and controls. These damages may be very substantial but, nevertheless, this is the fair and equitable thing to do. Thank you for your attention to this matter! President DONALD J. TRUMP

Only about 53% of U.S. adults own homes, far below the commonly cited 65% homeownership rate, according to new Federal Reserve research that paints a starker picture of access to homeownership. The traditional homeownership rate, tracked by the U.S. Census Bureau, measures the share of occupied homes in which the owner lives. The new measure from the ...

The European Central Bank (ECB) has presented 10 design proposals for a planned new series of euro banknotes and is now asking citizens across Europe to have their say, with an online survey open until September 21. The ECB's governing council is expected to select a proposal in late 2026, though it will then be some time before people hold the new ...

Senior US Official Briefs: US Sets 10%-12.5% Tariff For Many Nations That Don't Ban Forced Labor, Citing Forced Labor; Tariffs Begin As Prior 10% Global Duty Expires; Exempts Oil, Gas, Fertilizer, Food Stuffs U.s. Official Says It Is Not The Case That These Measures Simply Replicate The Ieepa Tariffs Struck Down By The Supreme Court, And That The President Will Use The Tools At His Disposal, Including Tariffs, To Achieve The Outcomes He Wants. U.s. Official Says Oil And Gas, Fertilizer And Certain Foodstuffs Will Be Exempted, Along With Goods Subject To Section 232 National Security Tariffs And Usmca-compliant Goods, Given The Integrated Nature Of North American Supply Chains And High U.s. Content Levels. U.s. Official Says The New Section 301 Tariffs Take Effect At 12:01 A.m. (0401 Gmt) July 24, With An Effective Date For Goods In Transit Of 12:01 A.m. (0401 Gmt) July 28, As Section 122 Tariffs Expire On July 24.

The European Commission has levied a $1 billion penalty against Google over alleged competition law violations. An EC investigation found that Google had abused its dominanEuropean Union’sce in the search and app store markets to funnel people towards its own apps and services, in violation of the European Union’s Digital Markets Act. The body has ordered ...

The Trump administration is exploring the removal of Federal Reserve Governor Michael Barr, Bloomberg News reported on the 22nd, citing multiple sources. The focus is an external investigation by the Fed into the spring 2023 collapse of Silicon Valley Bank (SVB), with the move seen as an effort to hold Barr accountable—he was the Fed's Vice Chair for ...

The European Central Bank kept borrowing costs on hold on Thursday but left room for more tightening in the coming months as a widening conflict in the Middle East pushed up energy prices again. The ECB kept its deposit rate at 2.25% but said it was "closely monitoring the intensity and duration of the shock, as well as its indirect and second-round ...