ING notes that the proportion of central bank reserves held in dollars is liable to decline slightly further this year. Nevertheless, the bank does not expect the selling of US assets or wider structural pressure on the currency, limiting overall losses.

The US Dollar Index (DXY) hits 98.73 as Middle East tensions ignite a safe-haven rally. Discover if the breakout above 98.44 targets the 99.14 level next.

The EUR/USD pair is struggling for direction around the 1.1800 handle, with its next move dependent on the US dollar's strength and central bank commentary. Read more here.

Rabobank expects that urgency to fade if the dollar stabilises, limiting fresh upside for the euro. Fed policy is another cross-current. Rabobank still sees scope for three rate cuts starting in June, though markets are less convinced after firm US labour and inflation data.

The ECB might lean towards raising rates following a spike in oil prices due to military actions in the Middle East.

The EUR/USD exchange rate has soared due to US tariff uncertainty, with investment banks bullish on a stronger euro amid dollar weakness. Despite ECB interest rate cuts, the euro shows resilience, with Eurozone inflation on track to meet the 2% target by 2025.

The euro continues to climb against the dollar, reaching a new high above the 1.17 level. This marks the sixth consecutive day of gains for the EUR/USD exchange rate. Yesterday, Federal Reserve Chairman Jerome Powell testified before Congress. However, his ...

The prospect of the U.S. introducing a swathe of new tariffs under President-elect Donald Trump has led some economists to predict a return to euro-U.S. dollar parity. Trump's fiscal plan could spur domestic inflation and cause the Federal Reserve to ...