The euro edged higher on Wednesday, hovering just above parity with the U.S.
The euro was hovering just above parity with the U.S.
The euro hovered a whisker above parity to the dollar on Wednesday, with traders wary of the single currency being forced to levels unseen for decades if U.S.
South Korea's central bank raised its policy interest rate by an unprecedented half point on Wednesday, aiming to pull inflation from 24-year highs while balancing fear of a sharp economic downturn as business activity flounders.
South Korea's central bank on Wednesday delivered an unprecedented half-point interest rate hike aimed at pulling inflation back from 24-year highs, but floundering business activity is fast raising fear of a sharp economic downturn.
Oil edged up on Wednesday, a day after settling below $100 a barrel for the first time since April, and gains were limited by a U.S.
Chile's government on Tuesday sharply increased its estimates for the country's inflation in 2022, saying it now expects an 11.1% rise, against an 8.9% rise seen in the previous projection.
Wall Street ended in negative territory on Tuesday as growing signs of recession kept buyers out of the equities market ahead of inflation data.
Wall Street ended in negative territory on Tuesday as growing signs of recession kept buyers out of the equities market ahead of inflation data.
Wall Street struggled for direction on Tuesday as growing signs of looming recession kept investors cautious ahead of Wednesday's inflation data.
The S&P 500 and the Nasdaq struggled for direction on Tuesday as worries that Federal Reserve's policy tightening could trigger a recession hurt sentiment ahead of the start of the earnings season, while a rise in Boeing kept the Dow afloat.
Spain will implement temporary taxes on power companies and banks that should rake in 7 billion euros ($7.02 billion) in 2023-2024 to help Spaniards cope with soaring inflation, the government said on Tuesday, triggering a selloff in some banking shares.
Euro zone government bond yields fell on Tuesday as money markets scaled back their expectations of European Central Bank's rate hikes amid concerns over potential gas supply cuts.
Euro zone government bond yields fell on Tuesday while money markets scaled back their expectations about European Central Bank's rate hikes amid concerns over the economic outlook due to surging energy prices and potential gas supply cuts.
Investors are bracing for a fresh slide in banking stocks, with fears of a hit from a potential recession outweighing the lure of relatively cheap valuations and a strong long-term outlook.
U.S. Treasury Secretary Janet Yellen on Tuesday acknowledged the Japanese yen's substantial depreciation in recent weeks, but said the U.S.
Brazil's growth spurt this year has been overshadowed by worries about an increasing number of hastily put-together spending plans ahead of October's presidential vote, dampening the outlook for 2023, a Reuters poll showed.
Hong Kong needs to allow financial sector employees to travel freely to retain its global investment and banking hub status, an industry report said, as the city continues to maintain some of the strictest coronavirus regulations in the world.
India's inflation will hold above the top of the central bank's tolerance band for at least the rest of 2022, longer than previously thought, making several more interest rate hikes in coming months all but inevitable, a Reuters poll showed.
India's inflation will hold above the top of the central bank's tolerance band for at least the rest of 2022, longer than previously thought, making several more interest rate hikes in coming months all but inevitable, a Reuters poll showed.
The euro sank to within a whisker of parity with the dollar on Tuesday and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors.
Global equities faltered, oil fell and the euro inched closer to parity with the safe haven dollar on Tuesday as the prospect of further tightening by central banks, renewed COVID outbreaks in China and Europe's energy shortages spooked investors.
Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China's renewed COVID outbreak and Europe's energy shortage, which also left the euro a whisker from parity with the safe haven dollar.
The euro rebounded on Tuesday after earlier sliding to a 20-year low and effectively reaching parity against the U.S.
The euro inched higher on Tuesday, reversing earlier falls that had taken it to the brink of parity with the dollar, but it stayed under heavy pressure from a potential energy supply crunch and uncertainty over the ECB's rate rise campaign.
The euro fell on Tuesday, almost touching parity with the dollar, a threshold not crossed for two decades, weighed down by the likelihood of recession triggered by an energy crunch and an ECB rate rise campaign that lags far behind that of the Fed.
The euro fell on Tuesday almost to parity with the dollar, a threshold not crossed for two decades, weighed down by the likelihood of recession triggered by an energy crunch and an ECB rate rise campaign that lags far behind that of the Fed.
The U.S. dollar hit a fresh two-decade peak versus major peers on Tuesday, hoisted by safety bids and expectations of further aggressive rate hikes by the Federal Reserve, while the euro was pinned close to a 20-year low near parity to the greenback.
The euro hovered close to a 20-year low near parity to the dollar on Tuesday amid concerns that an energy crisis could tip Europe into recession, while the U.S.
A measure of Australian business confidence slid in June as rising costs and worries about consumer spending slugged the retail sector, though most firms reported actual activity was holding up well so far.
