European Central Bank policymaker Mario Centeno said on Friday he expects inflation to fall to its medium-term target of 2% in a sustainable manner since euro zone inflation is "almost out of the woods".

A pullback in the dollar accelerated Wednesday, as two of its biggest counterparts, the euro and the Japanese yen, surged. The WSJ Dollar Index recently stood 0.65% lower at 99.81. That put the index on course for its lowest close since Nov.

The euro’s surge is vindicating the handful of strategists who argued against calls for the single currency to fall to parity with the dollar.

The British pound further eased against the euro and hovered at one-and-a-half month lows on Monday following its biggest weekly loss in over two years versus the shared currency, though it steadied against the U.

The dollar and the euro were moving in different directions Friday after the European Central Bank signaled it might not cut interest rates as much as previously thought this year amid rising economic uncertainty.

The euro gained in early trading as European leaders scrambled to secure Ukraine amid concerns of an American pullback. Asian stocks are set for a mixed start as President Donald Trump prepares to slap long-promised tariffs on Canada and Mexico,

Ireland may have to pay EU compliance costs of between 8 billion euros and 26 billion euros ($8.4 billion-$27.2 billion) if it does not swiftly implement its emissions-cutting plans by 2030, the country's fiscal and climate watchdogs warned on Tuesday.

Italy plans to propose to its European partners a guarantee scheme that could potentially trigger investments worth up to 200 billion euros ($216.48 billion) in the defence and aerospace industries, people familiar with the matter said.

The chief of the European Union’s executive proposes an 800 billion euro ($841 billion) plan to beef up EU defenses to lessen the impact of potential U.S. disengagement and provide Ukraine with military muscle to negotiate with Russia following

EU chief Ursula von der Leyen Tuesday presented a plan to mobilise some 800 billion euros ($843 billion) for Europe's defence -- and help provide "immediate" military support for Ukraine