Diverging signals about monetary policy from the European Central Bank and Federal Reserve this week have set the euro on a clear path for further weakness.

There is a persistent murmur in financial markets that the Trump administration may push through a grand bargain to weaken the overvalued U.S. dollar. But there are multiple problems here, not least Europe's likely unwillingness to play ball.

The European Central Bank is seeking a new design for euro banknotes, with possible subjects including great cultural figures like German composer Ludwig van Beethoven, or birds and rivers. The first revamp of euro banknotes since their launch 23 years ago is designed to make them more appealing and relatable.

Euro zone manufacturers are more worried about cheap imports from China than tariffs from the United States, a European Central Bank survey showed on Friday.

The European Central Bank may stop describing its monetary policy stance as “restrictive” at its next decision in March, according to people familiar with the Governing Council’s debate.

Despite still elevated domestic inflation, weak growth and inflation projected at target this year strengthen the case for further rate cuts.

Fri, 31st, – CET DE German prelim CPI. Fri, 31st, 14:30 CET CA Gross domestic product. Fri, 31st, 14:30 CET US Core PCE price index.

ECB cuts the deposit rate by a quarter point to 2.75 per cent as expected and offers little shift in tone from December as it continues to move policy away from restrictive territory

The ECB (European Central Bank) continued policy normalisation today, with another 25 basis points (bps) worth of cuts across all three benchmark rates. This marks the fourth consecutive rate reduction, bringing the Deposit Facility Rate, the Refinancing Rate, and the Marginal Lending Facility Rate to 2.75%, 2.90%, and 3.15%, respectively.

A look at the day ahead in U.S. and global markets from Mike Dolan As a hectic January ends, world markets continue to brace for U.S. import tariff rises as soon as this weekend - lifting the dollar in anticipation as interest rates in Europe tumble.

Gold is on track for its best monthly performance since March last year as sentiment remains strong and participants consider the possible influence of American politics. Both it and the dollar remained strong this week as the Federal Reserve (‘the Fed’) held rates and the European Central Bank (‘the ECB’) cut as expected.