The Bulgarian government today approved a plan to adopt the euro in the country, Deputy Prime Minister and Finance Minister Assen Vassilev said at a news conference. The minister reminded that Bulgaria has planned to join the eurozone on January 1, 2024. “This is a business plan that sets clear deadlines and tasks for banks, […]
Tag: euro
The ruble is at a 7-year high due to Putin’s gas strategy
LAST UPDATE 13:48 The ruble has jumped to a seven-year high against the euro as more foreign companies appear to be complying with Vladimir Putin’s demand to switch to the Russian currency for gas. The ruble jumped up 9% against the euro, reaching its strongest level since June 2015. The Russian currency strengthened by 6.6% […]
Can the euro survive if it falls below $ 1?
By Marcus Ashworth The euro has never been so cheap against the dollar for almost two decades, but it can become even cheaper. The risk of a sudden shutdown of Russian gas and oil supplies, which threatens to plunge the European continent into a sharp recession, is too volatile for investors to bet confidently on […]
The ruble is close to a 5-year high against the euro
The Russian ruble stabilized above $ 64 per dollar on Monday, briefly reaching $ 62.71 per dollar, and strengthened to a five-year high against the euro, supported by continuing restrictions on foreign exchange trading, according to the Reuters agency. The ruble is the best performing currency in the world so far this year, although this […]
The euro is moving higher after Lagarde’s statements
The euro rose 0.4% against the dollar to 1.0575 as ECB President Lagarde set a timetable for the first rate hike in a decade. In her speech, Lagarde stated that the net purchases through the assets purchase program will probably be completed in the third quarter of 2022. The first rate hike will come sometime […]
At a five-year low the euro
The euro fell today to its lowest level since 2017 as growing investor worries about global growth prospects and inflation continue to push the US dollar. The dollar gained 4.3% in April and is heading for its best month since January 2015 as the US currency is boosted by estimates that the Federal Reserve will […]
Ebury: Week … ECB and Inflation in US – UK
By Enrique Diaz – Alvarez * The euro fell to the bottom of the G10 currency rankings over the weekend amid concerns about both the duration of the war in Ukraine and the French presidential election. The massive interest in the US bond market continues, with the 10-year yielding a staggering 30 basis points per […]
Twenty years since the creation of the euro – The challenges of the single currency
The discussion on the “20 years of the euro”, focusing on how crises and challenges have affected the European currency, took place at the 7th Delphi Economic Forum. Giannis Stournaras, Governor of the Bank of Greece, noted that “if we have deeper integration in Europe, we will have a strong euro that could take the […]
Ebury: The euro ‘finds’ support
By Enrique Diaz – Alvarez * The euro, along with the Swedish krona and the Swiss franc, topped the G10 currency rankings last week. The sense that we may be entering a less catastrophic phase of the Russian invasion certainly helped, as did the fall in oil prices following Biden’s announcement of massive oil sales […]
Greeks back to digital payments – ECB Study
Of Leonida Stergiou Huge differences in perceptions and payment habits from country to country were identified by a pan-European quality survey presented yesterday during the European Parliament briefing by ECB member Fabio Panetta on the stage at which the digital euro is being prepared. Similarities As Mr. Panetta mentioned, the only common points that the […]
