The European Central Bank cut interest rates by 25 basis points to 2.15% at the June 4-5 meeting, the lowest since October 2022, matching expectations, and marking the seventh such rate cut in a row. ...

The US dollar fell against most major rivals on Wednesday as investors assess US President Trumps tariff negotiations with major trading partners, including China. The Trump administration granted countries a deadline until today to offer their best trade deals, while also imposing 50% tariffs on steel and aluminum imports. Trump is scheduled to talk to Chinese President Xi Jinping this...

The yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the second straight day against the US dollar amid active haven demand with mounting global trade uncertainty. Recent Japanese consumer prices data showed increasing inflationary pressures on the Bank of Japans policymakers, boosting the odds of a rate hike in June. The Price...

The euro rose in European trade on Thursday against a basket of major rivals, extending gains against the dollar for the second session and approaching a six-week high ahead of the European Central Banks policy meeting. The ECB is expected to announce the seventh consecutive rate cut in a row and could provide clues on the path ahead for policies...