Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

What will rise of Sanae Takaichi mean for China’s ties with Japan?

October 4, 2025

China’s Chang’e-6 samples reveal the moon’s ‘two-faced’ temperatures

October 4, 2025

Was Venice’s winged lion made in China and delivered by Marco Polo’s family?

October 4, 2025
Facebook X (Twitter) Instagram
Saturday, October 4
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Bitcoin expands gains for fourth day and passes $107,000
World Economy

Bitcoin expands gains for fourth day and passes $107,000

adminBy adminJune 26, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 91


The euro rose in European trade on Thursday against a basket of major rivals, expanding gains for the sixth straight session against the US dollar and hitting a four-year high, and surpassing the $1.17 barrier for the first time since 2021 on strong demand. 

 

It comes amid renewed concerns about the independence of the Federal Reserve after renewed attacks by US President Donald Trump against Fed Chair Jerome Powell.

 

The odds of an ECB interest rate cut in July also dropped as traders await more clues on the future path of policy easing in Europe this year.

 

The Price

 

The EUR/USD price rose 0.5% today to $1.1717, the highest since 2021, with a session-low at $1.1653.

 

The euro closed up 0.45% on Wednesday, the fifth daily profit in a row, and the longest such streak of daily gains in 2025 following the Iran-Israel ceasefire.

 

The Dollar

 

The dollar index fell 0.45% on Thursday and expanded the losses for the fourth straight session, plumbing three-year lows at 97.27 against a basket of major rivals.

 

The decline comes amid renewed concerns about US financial stability as Trump attacks Powell once more.

 

Trump attacks Powell

 

Trump once again criticized Powell for refusing to cut interest rates, and asserting Powell will leave his position soon.

 

Powell told the Senate of the need to be cautious with monetary policies, as Trump’s tariffs represent a risk to inflation.

 

The Wall Street Journal reports that Trump is considering choosing and announcing his successor by September or October as a way to undermine him.

 

European Rates

 

ECB President Christine Lagarde hinted at the possible end of the current cycle of policy easing, which was in response to a combined shock such as the Covid 19 pandemic, the Ukrainian war, and the energy crisis.

 

According to a Reuters source, most ECB members now aim at holding interest rates unchanged in July, with the global markets now expecting just an additional 25 basis points of rate cuts by the end of the year. 

 

The odds of a 0.25% ECB rate cut in July now stood below 30%, with traders awaiting more eurozone data and remarks by ECB officials to gather more clues. 



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

World Economy

Where has China’s “Artificial Sun” energy project reached?

October 3, 2025
World Economy

Ethereum spikes over 12% this week

October 3, 2025
World Economy

Oil climbs but still heads for weekly losses

October 3, 2025
World Economy

Bitcoin rallies above $120,000 on seasonal optimism, prospects of strong weekly profits

October 3, 2025
World Economy

Copper rallies to 16-month peak amid supply disruptions

October 3, 2025
World Economy

Euro moves in a positive zone ahead of US jobs data

October 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Trump’s $100,000 fee for H-1B worker visas challenged in lawsuit – Business & Finance

October 4, 2025

Pakistan delivers first shipment of rare earth elements, critical minerals to US – Markets

October 4, 2025

PIA to resume UK operations from October 25 with Islamabad-Manchester flights – Business & Finance

October 4, 2025

Pakistan courts US with pitch for new Arabian Sea port, FT reports – Markets

October 4, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • What will rise of Sanae Takaichi mean for China’s ties with Japan?
  • China’s Chang’e-6 samples reveal the moon’s ‘two-faced’ temperatures
  • Was Venice’s winged lion made in China and delivered by Marco Polo’s family?
  • Trump’s 100% tariff threat has India’s drug industry on edge
  • Trump’s $100,000 fee for H-1B worker visas challenged in lawsuit – Business & Finance

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

What will rise of Sanae Takaichi mean for China’s ties with Japan?

October 4, 2025

China’s Chang’e-6 samples reveal the moon’s ‘two-faced’ temperatures

October 4, 2025

Was Venice’s winged lion made in China and delivered by Marco Polo’s family?

October 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.