According to Nigel Green, the CEO of deVere Group, the euro has its first historic opportunity to narrow the gap with the US dollar in the race for global currency dominance. The company’s head anticipates a favorable period for the European currency.
As Bloomberg reports, the Canadian central bank is facing an obstacle in its efforts to lower interest rates in the form of persistent core inflation. However, financial regulatory officials note that borrowing costs could still be reduced if the domestic economy weakens further.
According to Bloomberg, Ethereum and Solana led the cryptocurrency market downturn on Tuesday as investors grew cautious over escalating tensions in the Middle East. The sell-off, which prompted market participants to reduce exposure to riskier assets.
According to Bank of America's (BofA) latest survey of fund managers, foreign stocks will outperform US equities over the next five years. This reaffirms the widespread belief among investors that the US market's dominance is coming to an end.
A decrease of the indicator value may contribute to the fall in quotes of USD.
Ethereum is approaching new records as its popularity among investors continues to grow. On Monday, the cryptocurrency briefly surpassed the $2,600 mark. According to FXStreet, around $583 million flowed into Ethereum investment products last week.
President of the European Central Bank (ECB) Christine Lagarde has called on policymakers to seize the moment and strengthen the global role of the euro, as US President Donald Trump’s trade policies undermine confidence in the dollar.
Global central banks expect their gold reserves to increase and their dollar holdings to decline over the next five years, according to a World Gold Council (WGC) survey.
Russell Hardy, Chief Executive Officer of Vitol, projected a measured decline in US petroleum production for 2025 during his address at the Energy Asia conference. The industry leader attributed this anticipated reduction to the price sensitivity characteristic of US shale operators.
Favorable US inflation data for May raised expectations that the Federal Reserve (Fed) would ease its stance on monetary policy. However, Barclays analysts do not believe last month's statistics are enough to prompt the US regulator to cut interest rates.
The world of business and finance is constantly changing. What trends and directions are relevant today? The answer to this question is key to successfully navigating in a trading and investment environment and better assessing the risks involved.
The global economy can be greatly impacted by major events, causing stock markets and exchange rates to plummet. The repercussions of one nation's crisis may extend to other countries, creating a butterfly effect with far-reaching consequences. While these events may be frightening for some, traders and investors use them as a chance to generate profits amidst a crisis.
Financial institutions act as intermediaries between borrowers and lenders. This group typically includes banks, as well as non-bank organizations such as pension funds, insurance companies, credit unions, and pawnshops. By supporting global trade, business growth, and job opportunities, these institutions play a crucial role in maintaining a stable and thriving economy.
All governments serve as regulators for businesses, both domestically and internationally. The economic policies implemented by separate states have a significant impact on their currency exchange rates and living expenses.
Market players are always looking for tools and opportunities to make a profitable investment, which is accompanied by some risks. This is where capital management comes into play, with the goal of minimizing losses and maximizing profits
By closely monitoring worldwide events and economic strategies of the top nations, traders and investors can make well-informed decisions in the financial world
