The euro hit a fresh four-month peak against the dollar on Tuesday on hopes a German defense spending deal could be reached by the end of the week, while the dollar index slumped to its lowest since October on U.S. recession fears.
German Green Party co-leader Franziska Brantner said in an interview with Bloomberg News that her party was ready to negotiate a deal to boost state borrowing to boost defense spending and revive growth.
That lifted the euro to $1.09205 against the dollar in early European trading, its highest since November. It was last up 0.7%.
"The market really liked the news and it really offered a counterpoint to yesterday's headlines," said Nick Rees, head of macro research at Monex Europe. On Monday, the common currency's gains were capped by the Greens' refusal to back major reforms to debt rules and a 500 billion euro special infrastructure fund, moves that could derail the massive spending that has excited markets and prompted a sharp selloff in German government bonds. (Newsmaker23)
Source: Reuters
...
The Euro (EUR) weakens further against the US Dollar (USD) on Friday, with EUR/USD slipping to a three-month low. The pair remains under pressure as the Greenback draws support from the Federal Reserv...
EUR/USD weakened slightly as markets again doubted the chances of aggressive Fed easing. Powell's cautious comments prompted investors to seek refuge in the dollar, especially as global risk sentiment...
EUR/USD fell from the 1.1650 area to around 1.1625 on Monday (October 27th), but held onto some of its previous gains after touching 1.1580 last week. Market sentiment has improved somewhat due to hop...
EUR/USD attempted to hold the 1.1600 area during Wednesday's Asian session after three days of weakness. The euro's rebound attempt faltered as the US dollar remained strong, supported by easing US-Ch...
Gold prices rise in early trading as investors await U.S. private payroll data for cues on the Federal Reserve's next policy move. Futures in New York are up 0.9% to $3,991.60 a troy ounce. "Gold prices rebounded toward $4,000/oz as investors...
European stocks opened lower on Wednesday (November 5th), reflecting a global downturn amid growing concerns over sky-high tech valuations. The pan-European Stoxx 600 Index was down 0.4% at 8:20 a.m. in London (3:20 a.m. ET), with most major...
The Hang Seng Index fell 17 points, or 0.1%, to close at 25,935 on Wednesday (November 5), marking its second session of decline after Wall Street plunged on valuation concerns on Tuesday. Technology and property stocks led the decline, amid...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
Asian stock markets moved mixed on Monday, November 3, 2025. Japan led the gains: the Nikkei 225 remained near its record high of around 52.4...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial...