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.
Global benchmark Brent crude tumbled $7 to below $100 a barrel on Tuesday on a strengthening dollar, demand-sapping COVID-19 curbs in top crude importer China, and rising fears of a global economic slowdown.
Japan's yen-based import prices surged at a record pace in June, data showed on Tuesday, keeping wholesale inflation elevated as the currency's sharp slump continued to weigh on a fragile economic recovery by boosting commodity costs.
Global banks are rushing to sell bonds in Singapore, where unique monetary settings have opened a favourable borrowing window that puts the city-state's debt markets on course for the biggest year of bank-capital raising in more than a decade.
U.S. Treasury Secretary Janet Yellen began a meeting on Tuesday with Japanese Finance Minister Shunichi Suzuki to discuss ways of further strengthening Western sanctions against Russia over its war in Ukraine.
U.S. Treasury Secretary Janet Yellen will discuss ways to further strengthen Western sanctions against Russia over its war in Ukraine when she meets with Japanese Finance Minister Shunichi Suzuki on Tuesday, the Treasury Department said.
U.S. Treasury Secretary Janet Yellen will discuss ways to further strengthen Western sanctions against Russia over its war in Ukraine when she meets with Japanese Finance Minister Shunichi Suzuki on Tuesday, the Treasury Department said.
Bank of England Governor Andrew Bailey said on Monday that he still thought that inflation was likely to fall sharply next year, broadly in line with forecasts the British central bank presented in early May.
After months stuck at home unable to provide for his family, Malian truck driver Ibrahima Sangare is delighted to be back on the road after the lifting of regional economic sanctions let him resume long-distance drives to ports in Ivory Coast.
Argentina's new economy minister Silvina Batakis said on Monday she would target cutting the country's high fiscal deficit, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and growing pressure on the peso.
Argentina's new economy minister Silvina Batakis said on Monday she would target cutting the country's high fiscal deficit, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and growing pressure on the peso.
Argentina's new economy minister Silvina Batakis announced a series of measures aimed at cutting the country's high fiscal deficit on Monday, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and pressure on the peso.
The Fed is nowhere near taking a victory lap on inflation, but some signals from the bond market suggest that day may not be quite as distant as policymakers had anticipated.
U.S. stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season.
U.S. stock indexes fell on Monday, with the earnings season set to kick off in earnest this week amid concerns of weaker corporate profit due to the impact of surging inflation.
U.S. stock indexes slid on Monday, with the earnings season set to kick off in earnest this week amid concerns of weaker corporate profit due to the impact of surging inflation.
Chile's tumbling currency and runaway inflation are testing the Andean copper giant's economic and financial systems, and complicating President Gabriel Boric's plans to push through a tax reform bill to fund ambitious social programs.
Euro zone finance ministers said on Monday the fight against inflation was the current priority despite dwindling growth in the bloc, as they were informed of a deteriorating economic outlook by the European Commission.
Euro zone bond yields fell sharply on Monday while long-term inflation expectations dropped below 2% as recession fears deepened after warnings about a possible cut in Russian gas supplies.
Hedge funds had a torrid second quarter, but their faith in the dollar paid off spectacularly.
Hedge funds had a torrid second quarter, but their faith in the dollar paid off spectacularly.
Asian companies are likely to find it harder to refinance dollar-denominated debt, the decline in a key metric suggests, with the currency at a two-decade high and a recent surge in inflation forcing central banks to raise interest rates.
Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over tight supply.
Oil prices fell around $1 on Monday in volatile trade, reversing some gains from the previous session, as worries about a recession and China's COVID-19 curbs hitting demand outweighed ongoing concerns about tight supply.
Oil prices were unsteady on Monday, with Brent trading higher on supply concerns while West Texas Intermediate (WTI) dipped, as traders balanced supply concerns against worries about a recession or China's COVID-19 curbs hitting demand.
The euro slid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will tip the region into a recession, while the U.S.
The dollar climbed to a 24-year high on the yen on Monday after Japan's ruling conservative coalition's strong election showing indicated no change to loose monetary policies, and global growth fears helped the safe-haven U.S.
