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FX market news gathered from trusted sources: rate moves, central bank decisions and cross-border currency coverage

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InstaForexInstaForex
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US labor data leaves ECB without allies as dollar gains

FX Market

By mid-Thursday, European currency was gaining firmly against the dollar, and the pound also attempted a similar advance. The trigger was data from Germany and Italy, but by the US session initiative shifted to the dollar, and by evening the euro and pound had given up most of their morning gains. Germany reported unemployment unchanged at 6.4%, although the level of unemployed people exceeded economists' expectations, suggesting some cooling in the labor market. More notable was the consumer price series: in September consumer prices jumped 0.6% after a 0.2% rise in August, and the annual rate climbed to 3.3% from 2.9% a year earlier. The ECB's target is 2%, and this gap strengthens the hand of those on the Governing Council favoring tighter policy rather than those calling for a pause. Italy's data reinforced the narrative. Prices rose 0.7% in September after 0.5% in August, and annual inflation exceeded 4% at 4.2%. Two consecutive releases showing acceleration exert more pressure on the ECB than any single print, and that is why the euro held its ground into midday.

3 days ago
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Dollar regains strength

FX Market

The dollar spent much of the year under pressure, despite being the classic safe-haven currency investors flock to in moments of panic. The armed conflict between the United States and Iran, trade tensions under Donald Trump, and his threats to the Fed's independence seemed likely to erode confidence in the greenback. Instead, the US dollar index has posted its longest winning streak since May and is holding near July highs. Support for the dollar comes from the Fed's policy move. Investors now expect a series of further tightening actions over the next year, and higher rates make the US currency more attractive. Morgan Stanley has publicly acknowledged that it underestimated the dollar and now expects it to appreciate into 2027. Political risk in Europe AI spending is also helping the greenback. Amundi notes the US remains the leader in capex, and the interest rate differential adds to the dollar's appeal. Political risk in the eurozone is another positive for the dollar: France faces presidential elections in spring 2027, and uncertainty around votes in Germany and Italy is also on investors' minds.

6 days ago
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DEV CommunityDEV Community
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World geography gotchas

FX Market

Years ago, a colleague of mine told me about two pockets of foreign land surrounded by Switzerland: Campione d'Italia and Büsingen am Hochrhein , respectively Italy and Germany. Both are enclaves of their respective country in Swiss territory: An enclave is a part of the territory of a state that is enclosed within the territory of another state. To distinguish the parts of a state entirely enclosed in a single other state, they are called true enclaves. A true enclave cannot be reached without passing through the territory of a single other state that surrounds it. —- Enclave and exclave Enclaves can be seen from different perspectives. From a bird's-eye view, they are fun: If the enclave and its surrounding country are at odds (or worse), the life of its inhabitants can be hell. However, this post is about software, so let's focus on that. Imagine having to design systems for one of these two towns. Take Campione, for example. This is what you could have to deal with, depending on the domain you tackle: Domain Quirk Impact on systems Taxation and customs Since 2020, Campione has been part of the EU customs territory, but it stays outside the EU VAT area.

17 days ago
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The GuardianThe Guardian
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The age of tiramisu: a runaway dessert trend – and what it reveals about nostalgia and decadence

Exchange Traded FundsDividendsFX Market

The coffee and cream pudding has always been popular. But now it’s inspired a dedicated cafe and countless products, from drinks to ice-creams to buns. What’s behind this big cultural craving? When Giancarlo Fanigliulo opened Marrone, a cafe dedicated to tiramisu in London’s Soho in August, he hadn’t anticipated he would sell out within two and a half hours. “I was expecting a buzz, but I wasn’t expecting queues around the corner,” he tells me. “It was insane.” This kind of excitement about the Italian dessert is not a one-off – we are, it seems, living in an age of tiramisu-mania. Nearly all of the high street coffee chains have offered some kind of tiramisu coffee as a seasonal special (in the US, Dunkin’ currently has four different tiramisu-flavoured drinks on its menu). Meanwhile, Haagen-Dazs and Carte D’or now sell tiramisu ice-cream, London chain Buns from Home offers a tiramisu-flavoured croissant-dough bun and social media is awash with tiramisu recipes and videos of “tiramisu drawers” – trays of the dessert ready to serve out of drawers in chefs’ kitchens – as popularised by the viral one at Manchester pasta restaurant Onda.

23 days ago
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The Ritz HeraldThe Ritz Herald
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Beast, Memory and the Ruins We Ignore

FX MarketImmigration

There is something profoundly countercultural in Beast’s recent work, although not in the usual sense of the word. It is not countercultural because it is illegal, because it takes place outside institutions, or because it belongs, at least technically, to the vocabulary of street art. Its real act of resistance lies elsewhere: it asks us to remember. That demand may sound modest. Today it is almost radical. With “Want Justice? Here Justice”, completed in late August 2026 on an abandoned farmhouse near Reggio Emilia, Beast has installed an approximately fifteen-by-six-metre portrait of Louis-Ferdinand Céline across a decaying rural façade. It is the largest work to date in his ongoing series “… and we hired a bloke to fix the wall”, a project in which figures from twentieth-century literature, philosophy, art and intellectual history are made to emerge from neglected architecture. The word emerge matters. Beast does not simply place an image upon a wall. He begins with the wall itself, photographing its cracks, stains, abrasions and erosion.

24 days ago
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