Business
ECB raises key interest rate to 2.5% amid Middle East energy shocks
Rising Brent crude prices above $100 per barrel have prompted the European Central Bank to hike rates to combat a potential wage-price spiral.
Topic
Monetary Policy
Business
Dutch central bank moves billions in gold from North America to Europe
The redistribution shifts the Netherlands' reserves toward London and Zeist, moving away from New York to access more liquid lending markets.
Business
Japan and US confirm rare joint intervention to prop up yen
The coordinated yen-buying operation marks a rare bilateral effort to curb excessive volatility after Japan's solitary interventions and interest rate hikes failed to stabilize the currency.
Business
Dollar hits 13-month high as market pricing shifts toward rate hikes
The U.S. dollar is tracking toward its largest monthly gain in nearly a year as investors recalibrate expectations for Federal Reserve policy. Driven by resilient labor data and persistent inflation, markets are now pricing in potential interest rate increases.