Foreign exchange market

Markets

Euro-dollar parity: Could the euro slip below the greenback in 2025?

The euro, near its weakest level in two years, faces mounting risks from Trump’s tariff plans, diverging Fed-ECB policies, and geopolitical uncertainty. Analysts warn parity with the dollar could return by early 2025.

10 January 2025

Markets

Pound on track to be one of the best-performing currencies in 2024

The GBP/USD currency pair hit a two and a half year high of $1.32 earlier this year on 27 August, with analysts expecting the strong momentum to continue until the end of the year.

3 September 2024

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.

26 August 2024

Markets

Pound remains on course for worst run of losses in almost a year

The currency could potentially be further weakened if the Bank of England chooses to implement more rate cuts this year.

9 August 2024

Markets

Norwegian tourism gets boost as weaker Kroner draws visitors

The depreciation of the Norwegian kroner has made the famously expensive Nordic country a more affordable destination for tourists, increasing spending and benefiting local businesses.

8 August 2024

Russia

Moscow stock exchange stops trading in dollars and euros

The sanctions come as G7 leaders are preparing to gather soon in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.

12 June 2024

Markets

Iran refuses to recognise national currency’s fall in free markets

The Iranian rial has plunged rapidly against the dollar ever since the Israel-Hamas war led to increased worries of a direct US-Iran confrontation.

27 February 2024

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.

2 January 2024

Business

British pound hits record low against US dollar

It dipped as low as $1.0349 per US dollar early Monday but then rebounded to $1.07.

26 September 2022

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?

3 August 2022

Money

Police in Spain arrest 8 over 'cult-like' crypto trading academy scam

The organisation’s leaders have been accused of fraud, misleading advertising and running a pyramid scheme targeting young people.

29 April 2022

Venezuela

Maduro ready 'to be a dictator' to help Venezuela

Venezuela continues to reel under a political and economic crisis but President Nicholas Maduro shows no sign of changing course. Maduro says he's willing to be a dictator if it will help turn the country around.

10 September 2017

France

Markets react positively to Macron victory

The euro hit a six-month high against the dollar but later slipped back amid uncertainty over next month's French parliamentary elections.

8 May 2017

Markets

UK shares fall, pound jumps on surprise election announcement

Europe's stock market indexes tumbled on the UK election announcement with investors worried that this adds to political uncertainty in the region.

18 April 2017

USA

Bitcoin explained: why should we care about an SEC decision?

What is bitcoin?

9 March 2017

Economy

Bitcoin value tops gold for first time ever

The price of a single bitcoin has gone higher than one ounce of gold for the first time ever.

3 March 2017