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Ebury: Comments about an aggressive move by the ECB put a brake on the fall of the euro

By Enrique Diaz – Alvarez* The annual meeting of the world's central bankers in Jackson Hole delivered a decidedly hawkish message, led by US Federal Reserve Chairman Powell giving a very short and clear speech. However, currency markets...

The euro and bond yields are on the rise

Eurozone bond yields are showing a rise today as the European Central Bank table seems to be discussing a larger increase in interest rates, by 0.75%, at the Governing Council meeting on September 8. The mood worsened...

ING, Capital Economics, Citi: The further plunge of the euro is one way – the energy crisis is a ‘trap’ for the currency

By Eleftherias Kourtalis Further devaluation of the euro is a sure "bet" according to analysts, as the jump in the price of natural gas and the worsening energy crisis in Europe, combined with the onset of recession,...

The euro is at a new 20-year low

The euro is falling to a new two-decade low as concerns about the prospects for the European economy intensify. The euro was found to be losing 1% at 0.9938, below its previous 2022 low of 0.9952....

The ‘bets’ against the euro have soared back to 2020 levels

Driven by concern over the worsening economic situation in Europe and heightened geopolitical risk, investor bets against the euro are now trading at levels similar to October 2020, when the damage from the Covid pandemic had...

Turkey: Exporters revise down 2022 targets amid adverse economic environment

Turkish exporters are revising their year-end targets downward, in a move that could derail the government's economic plans, as new orders fall amid signs of a global slowdown and inflationary pressures, Reuters reports. Turkey's exports rose 19...