logo
BNP Paribas: EUR/USD Can Keep Heading Higher

BNP Paribas: EUR/USD Can Keep Heading Higher

Yahoo18 hours ago

Alexander Jekov from BNP Paribas Markets 360 says there is "a structural rotation out of the dollar currently underway by global investors." Speaking on Bloomberg Television, Jekov adds: "We'd be inclined to say EUR/USD over the medium term can continue to head higher."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tesla stock rises as US moves to ease rules for self-driving cybercab
Tesla stock rises as US moves to ease rules for self-driving cybercab

Yahoo

time18 minutes ago

  • Yahoo

Tesla stock rises as US moves to ease rules for self-driving cybercab

-- Tesla (NASDAQ:TSLA) stock rose 2.6%, hitting a session high on Friday after a report that the US government is taking steps to ease regulations that have hindered the deployment of self-driving vehicles without driver controls. According to Bloomberg, the Trump administration is streamlining the exemption process for automakers seeking to deploy self-driving cars designed without traditional steering wheels or brake pedals. This regulatory shift could significantly benefit Tesla's ambitions to launch its robotaxi service. The National Highway Traffic Safety Administration (NHTSA) announced it will simplify the exemption procedure, which previously resulted in processing times that could stretch for years. In a letter posted to its website on Friday, NHTSA Chief Counsel Peter Simshauser stated the agency "anticipates reaching decisions on most exemption requests within months rather than years." Current federal safety standards effectively require new vehicles to include human driving controls, forcing companies developing autonomous vehicles to seek exemptions - a process that has created substantial delays for manufacturers. While Tesla shares climbed on the news, ride-hailing companies Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) saw their shares edge lower, potentially reflecting investor concerns about future competition from autonomous taxi services. The regulatory changes align with Tesla CEO Elon Musk's previously announced plans to develop a fleet of self-driving "Cybercabs" that could compete directly with traditional ride-sharing services. Related articles Tesla stock rises as US moves to ease rules for self-driving cybercab Air India 787-8 accident - What we know so far Brookfield Infrastructure reportedly acquiring Hotwire for $7 billion

RH Swings to Surprise Profit Despite Tariff Pressures
RH Swings to Surprise Profit Despite Tariff Pressures

Wall Street Journal

time26 minutes ago

  • Wall Street Journal

RH Swings to Surprise Profit Despite Tariff Pressures

RH swung to a profit in its fiscal first quarter despite the impact of tariffs on spending and the shakiest housing market in decades, pushing its shares higher after hours. The furniture retailer posted a profit of $8 million, or 40 cents a share, for the quarter ended May 3. That stacks against a loss of $3.6 million, or 20 cents a share, in the comparable quarter a year earlier. Analysts polled by FactSet had been expecting another loss.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store