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2 mins read

Dollar dominance could give way to a 'tripolar' currency system as China's yuan and the euro rise on the world stage

"With capital controls, it would be difficult for the [yuan] to become a viable international curre…

Phil Rosen   


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Dollar dominance could give way to a new regime that includes the euro, yuan, CBDCs, and maybe something 'we have yet to see'

"Within the next decade or two, there is great potential for regionally-dominant currencies and a m…

Filip De Mott   


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5 mins read

I'm a sunbed saver in Ibiza. I'll go to the hottest spots and save a prime seat by the pool — for 500 euros.

For a fee on top of the cost of the rental, Alexia Parmigiani will go to the hottest spots in Ibiza…

Mark Ellwood   


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1 min read

Iran rations euros as fights break out at foreign-exchange offices amid rial's plunge to record lows

Iran's currency, the rial, plummeted on Monday to a new all-time low of more than 500,000 against t…

Filip De Mott   


Cork Gaines   


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2 mins read

Brazil and Argentina are gearing up to launch a joint currency that could become South America's euro

The two countries' leaders said Sunday that they were developing a common currency, which could boo…

George Glover   


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3 mins read

Euro surges and natural gas prices sink after Russia resumes flows of fuel through a key pipeline

Flows of Russian gas through the Nord Stream 1 pipeline resumed Thursday, offering temporary relief…

Amanda Cooper   


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2 mins read

Russian gas holds the keys to the euro as the energy crisis weighs on Europe's economy and currency

The euro could pull back further to fall between $0.95 to $0.97 against the dollar, a range of anal…

Brian Evans   


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1 min read

A fort in Montenegro that was a concentration camp during WWII was converted into a luxury resort starting at 500 euros a night

When the plans to refurbish the fortress were first announced in 2016, it was met with resistance f…

James Pasley   


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2 mins read

US stocks plunge as inflation accelerates more than expected to the hottest rate since 1981

Wednesday's consumer price index data showed a 9.1% rise in prices year-over-year, above the expect…

Phil Rosen   


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3 mins read

The euro has broken $1 for the first time in 20 years, bulldozed by an unstoppable dollar. Here are 3 other currencies to watch.

The dollar has surged this year as the Fed hikes interest rates aggressively. These three other maj…

George Glover   


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2 mins read

US stocks trade cautiously ahead of key inflation data, while oil steadies after cratering 7%

Investors are eyeing the latest inflation data. A higher reading could potentially push the Federal…

George Glover   


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1 min read

US stocks trade mixed as fresh COVID-19 curbs in China renew fears about global growth

Benchmark US oil prices dipped back below $100 a barrel, and the euro briefly reached parity with t…

Jason Ma   


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3 mins read

As 'economic warfare' threatens to break out in Europe, the euro finally crumbles below $1 for the first time since 2002

Relentless pressure on the single European currency finally pushed the euro/dollar exchange rate be…

Amanda Cooper   


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3 mins read

Global shares drop as the economic outlook darkens; dollar gains drive the euro to parity

Investors are awaiting the start of the second-quarter earnings season to learn how US companies ar…

Amanda Cooper   


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2 mins read

De-dollarizing global trade is a great move but will take decades to play out says Motilal Oswal

The RBI is aiming to de-dollarize global trade and the Indian economy, Motilal Oswal Financial Serv…

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1 min read

The dollar and euro are less than a penny away from reaching parity for the first time in 20 years

On Monday, the euro exchange rate was down 0.9% to $1.009. And over the last 12 months, the euro ha…

Phil Rosen   


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3 mins read

The euro is facing a deeper slide under the weight of Europe's gas crisis and the ECB's bond-rout response, says Societe Generale

The euro is sinking closer to parity with the dollar, buying $1.016 and trading at a nearly 20-year…

Carla Mozée   


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1 min read

The euro could sink to 0.9 against the US dollar if Russia cuts off oil supplies to Europe, portfolio manager says

The euro hit a new 20-year low against the dollar Tuesday, and could fall further. An investor told…

Brian Evans   


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2 mins read

Dollar dominance is going to stick around in global markets as there's nothing on the horizon to rival the greenback, Fed study says

"The dollar's international role, whether for trade, investment or use as a global reserve currency…

Phil Rosen