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Business

Market winners and losers as Trump secures historic victory

As Donald Trump returns as the 47th US president, several markets respond strongly to his policy shift. Here are five winners and losers as investors adjust to the new US administration.

Markets

How might the euro react if Trump wins the US presidential election?

A Trump victory could bring sweeping US tariffs, including a 10% levy on EU imports and a hefty 60% on Chinese goods. Analysts warn this protectionist stance could strengthen the dollar while pressuring the euro, pushing the ECB to consider lower rates to support negative effects on growth.

Markets

Why has the euro rallied to a 13-month high against the dollar?

The euro has surged to a 13-month high against the dollar, benefiting from four weeks of gains as the Federal Reserve signals upcoming rate cuts.

Markets

Pound soars following Fed September rate cut signal at Jackson Hole

The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the Federal Reserve at the Jackson Hole Symposium on Friday.

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Economy

Euro-Dollar outlook 2024: Navigating political and economic challenges

As 2024 unfolds, the euro faces a complex landscape marked by political shifts and economic challenges. Key events include parliamentary and presidential elections in several Eurozone countries, while challenges include global conflicts, fiscal tightening and inflation concerns.

Markets

Israel Hamas war: The outcome the financial markets expect

Energy and defence-related investments are set to yield in the next 12-18 months, according to analysts.

Markets

Property giant Country Garden defaults on dollar bonds

Country Garden, the biggest builder in the Chinese property market, has failed for the first time to pay $15.4 million interest on its dollar bonds.

Travel News

What does the falling pound mean for your next holiday?

Trips to Turkey are more affordable for Brits at present, while EU holidaymakers might find it’s the right time to visit the UK.

World News

Euro hits a 20-year low against the US dollar

Another week and yet more pain for the euro. The single European currency was trading below 99 US cents this morning - it's lowest value in 20 years

Economy

Europe's energy crisis haunts the euro as it tumbles to 20-year low

A new spike in energy prices has added to fears of recession, with manufacturing surveys due on Tuesday expected to highlight the damage done to activity.

Money

Can the US dollar be toppled as the world's premier reserve currency?

The power of the dollar as the world’s premier reserve currency gives the US far-reaching advantages over its rivals. But with Russia and other BRICS nations signalling their intention to challenge this power, is it under threat?

Economy

This is what the euro-dollar parity means for you and the EU economy

A weaker euro will make European exports immediately cheaper in international markets.

Economy

Euro reaches parity with dollar for the first time in 20 years

The value of the common currency has plunged since Russia launched the invasion of Ukraine.

Money

Could Bitcoin become a reserve currency?

A stablecoin backed by Bitcoin reserves may "open a new monetary era of the Bitcoin standard", one expert said.

Money

El Salvador approves €127 million Bitcoin adoption fund

The country's Congress approved the funding as it prepares to adopt Bitcoin as an official currency on September 7.

Tech News

US launches pilot to explore uses of a potential new digital dollar

The non-profit Digital Dollar Project is launching five pilot programmes over the next year to explore applications of a new central bank digital currency.

USA

What was the Mayflower and why is it celebrated 400 years on?

The pilgrims built a new life in Plymouth, Massachusets, in 1620. The area's original inhabitants paid a heavy price.

World News

Republicans due to kick off Donald Trump re-election bid

The Republican Party convention kick-off will look a lot different this year.

Business

Trump dismissed trade war concerns

US stocks opened higher on Tuesday as China stepped in to stabilise the yuan, a day after Wall Street's main indexes racked up their steepest one-day percentage fall of the year.

Real Economy

Challenging the dollar: how using the euro is good for EU businesses

In partnership with The European Commission

Europeans identify the euro as one of the main symbols of the EU, but for many European businesses the dollar remains the main currency of choice.