Dollar stands tall as hawkish ECB fans downturn fears

Dollar stands tall as hawkish ECB fans downturn fears

The safe-haven dollar held just below the month’s high against the yen on Friday and maintained overnight gains versus other peers amid growing worries that continued monetary tightening at the world’s biggest central banks could trigger a recession. European Central Bank President Christine Lagarde said after the policy board raised interest rates again overnight that … Read more

Euro inches up after Macron’s victory, gains against bruised sterling

Euro inches up after Macron’s victory, gains against bruised sterling

HONG KONG: The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts. The euro opened higher at $1.0840, was last trading at $1.0807, up 0.12% from Friday’s close, but couldn’t break far … Read more