By Eleftherias Kourtalis And where investors in Europe thought the outlook for stocks couldn’t get gloomier given the ongoing energy and inflation shocks and recession fears, the euro has hit absolute parity with the dollar for the first time in two decades, creating new challenges for stock markets and further clouding the investment outlook. Since […]
Tag: euro
Heavy bill on the economy from the slide of the euro
By Tasos Dasopoulos Another pressure on the one already exerted by high inflation for more than a year is added by the slide of the euro, since it indirectly fuels the increase in the prices of fuel and some of the raw materials, which are imported from third countries, since they are priced 65% in […]
The fall of the euro below 1 dollar, sounds the alarm for the hawks of the ECB
By Marcus Ashworth The weakening of the euro is fast becoming a problem for the European Central Bank, as the common currency has now fallen below absolute parity with the dollar. While this threshold may just be a number, it is arguably a development with symbolic significance: a break in absolute parity with the dollar […]
The euro fell below the dollar for the first time in 20 years
The euro today fell below par against the dollar for the first time in nearly two decades, as fears of aggressive monetary policy tightening and growing worries of an impending recession in the eurozone continued to weigh on the common European currency. The new drop in the euro came shortly after the negative surprise caused […]
German press: Euro sinks against dollar
The euro has been at a twenty-year low since yesterday, intensifying concerns, while the voluntary solidarity mechanism for the distribution of migrants in the EU is taking shape. Historical date is characterized by Handelsblatt yesterday, when the euro fell to the same level as the dollar. The last time the euro was this weak was […]
Goldman Sachs, ING, Capital Economics: How at risk is the status of the euro – Where will the exchange rate against the dollar go
Her Eleftherias Kourtalis Fears of a recession, of a deepening of the energy crisis due to the interruption of Russian natural gas flows as well as the disputes within the European Central Bank regarding the course and size of interest rate increases as well as the form of the new tool against of fragmentation – […]
Villeroy (ECB): The ECB is monitoring the impact of the euro exchange rate on inflation
The European Central Bank (ECB) is watching the euro-dollar exchange rate as recent lows could further push inflation already at record levels, according to Governing Council member Francois Villeroy De Galhau. “It’s good news for activity as it supports exporters, but unfortunately it increases inflation a bit,” Villeroy, who is also head of France’s central […]
Villeroy: The ECB is monitoring the impact of the euro exchange rate on inflation
The European Central Bank (ECB) is watching the euro-dollar exchange rate as recent lows could further push inflation already at record levels, according to Governing Council member Francois Villeroy De Galhau. “It’s good news for activity as it supports exporters, but unfortunately it increases inflation a bit,” Villeroy, who is also head of France’s central […]
EU gives ‘green light’ to Croatia to adopt euro in early 2023
The European Union has given its final approval for Croatia to adopt the euro early next year, when it will become the 20th member of the currency zone, according to Bloomberg. The bloc’s finance ministers meeting in Brussels backed the move on Tuesday after the Commission recommended that the country of 3.9 million people be […]
Closer to absolute parity with the dollar is the euro
LAST UPDATE: 12:56 p.m The euro edged even closer to absolute parity with the dollar today as the euro zone’s energy supply sufficiency and concerns about the bloc’s economies continue to weigh on the common European currency. Fears of a recession have risen in recent weeks amid growing uncertainty over the bloc’s energy supplies, with […]
