EUR/USD

Real Madrid says city rival Atletico Madrid has rejected an offer of 150 million euros ($173 million) for Argentina forward Julián Álvarez. The offer was part of the campaign promises made by Real Madrid President Florentino Pérez, ahead of his re-election on Sunday. The 15-time European champion said that, “After reviewing and evaluating the offer, Club ...

The $31 trillion Treasury market has an unequivocal message for Kevin Warsh’s Federal Reserve: Interest rates aren’t high enough. Yields on policy-sensitive US two-year notes have surged to their highest level in more than a year after a trove of economic data led traders to price in at least one quarter-point rate hike as soon as October. At around 4.15%, ...

The Paris Criminal Court convicted global payments company Worldpay in a trading scam case on Tuesday, fining it €200,000 ($230,920), French media reported. The case centered on fraudulent online foreign exchange investment schemes between 2011 and 2014, in which savers were lured with promises of high returns before their money was diverted through ...

Goldman Sachs Research doesn’t expect the Federal Reserve to lower rates until 2027. David Mericle, chief US economist, has pushed his projection for the final two rate cuts in this cycle to June and December 2027 (from December 2026 and March 2027 previously). US economic activity and labor market data “have been stronger than we anticipated in recent ...

Iranian drone hit the US helicopter and got it to crash, the US investigation hasn't determined if it was intentional - Axios

The US trade deficit narrowed in April as a surge in oil exports helped offset ongoing increases in imports of equipment powering the data center buildout. The gap in goods and services trade shrank 1.2% from the prior month to $55.9 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists called for a $56.1 ...

Markets are currently fully pricing in a rate hike in the eurozone, with a 97% chance of a quarter-point hike, alongside a 3% likelihood of a half-point rate rise, when the bank's governing council meets on Thursday. According to data collected by the London Stock Exchange Group, traders are at present expecting the ECB to raise rates about three times. An ...

Existing-home sales increased by 3.2% month-over-month and year-over-year, according to the National Association of REALTORS® Existing-Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales, price, and inventory. Month-over-month sales increased in the Northeast, Midwest ...

Wholesale inventories in the United States increased by 0.6% in April compared to the revised March reading, reaching $940.3 billion, the Census Bureau said in its report published on Tuesday. Year-over-year, the figure was up by 3.6%. Sales of merchant wholesalers, adjusted for seasonal variations and trading-day differences but not for price changes, ...

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.9 billion in April, down $0.7 billion from $56.6 billion in March, revised. April exports were $327.1 billion, $8.3 billion more than March exports. April imports were $383.0 billion, $7.6 billion more than March imports. The April ...