euro

Dollar Hits 17-Month High as Bond Rout Weighs on Euro

The dollar rose to a 17-month high and was on track for a third straight weekly gain as a global bond selloff and inflation concerns lifted yields. The euro remained near a 17-month low amid worries about France’s finances, while investors awaited U.S. jobs data for clues on the Federal Reserve’s rate outlook.

Dollar Holds Gains as Fed Hike Bets Rise

The global dollar held near multi‑week highs as oil spikes and U.S. inflation data keep Fed tightening expectations intact, with markets pricing roughly a 70% chance of a September hike and yields rising as energy costs support risk-off demand. At the same time, the ECB signaled a cautious, data‑dependent stance after a rate rise to 2.5% while the yen remained under pressure despite a large, coordinated intervention, underscoring a bifurcated currency backdrop influenced by oil, energy prices, and central-bank policy outlooks.

Dollar climbs to multi-week high as Iran tensions push oil higher

The U.S. dollar strengthened to multi-week highs as renewed U.S.-Iran hostilities lift oil prices and inflation concerns, with the dollar index hovering in the high 99s as markets price in potential Fed rate hikes amid rising yields. This dollar strength is shaping global markets by widening rate differentials, pressuring commodity currencies and economies like India’s rupee, while oil and energy-related tensions keep investors on edge.

Dollar rises to three-month high against euro

Asian Shares Fall, Treasury Yields Hit 2002 High

Asian stocks fell or were poised to decline as investors weighed volatile bond markets and awaited U.S. jobs data, while rising oil prices tied to renewed Gulf tensions heightened inflation concerns. Treasury yields retreated from recent highs, but uncertainty over wages, interest rates and energy prices kept markets on edge.

Germany IFO Rises for Third Month in July

Germany’s IFO indicators for July show a modest rebound in sentiment, with the overall business climate around 86.6 and current assessments near 86.5 as expectations rise, even as energy costs, a weak manufacturing sector, and cooling demand temper momentum. Analysts highlight the need for structural reforms and energy competitiveness to sustain growth, with markets eyeing euro implications amid mixed signals.