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Sterling rose against the euro but could fall on the prospect of a faster pace of U.K. interest rate cuts, ING said.
Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the latest inflation report, as well as the Dow, S&P 500 and Nasdaq.
The dollar is at 50-year lows by one measure, meaning U.S. travelers abroad will feel the sting in their wallets this summer.
The U.S. dollar’s first-half decline against peer currencies was its steepest in more than 50 years.
Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
The dollar strengthened as Trump floated 100% tariffs on Russia.