The euro sank to its lowest level against the dollar since June 2020 as the unprecedented security crisis in Europe with the Russian invasion of Ukraine led to a jump in safe havens. The common European currency fell as much as 1.8% to $ 1.1106, and reached a seven-year low against the Swiss franc, falling […]
Tag: euro
20 ‘candles’ for the euro in Strasbourg
Without celebrations, the European Parliament in Strasbourg “celebrated” the 20th anniversary of the euro. Anxiety about the ECB’s handling as the PEPP program comes to an end. The ceremony in the Plenary Session of the European Parliament, on Monday afternoon, for the twentieth anniversary of the euro, is short, simple and without many guests. Probably […]
The euro is becoming “fashionable” again as traders expect a more hawkish policy from the ECB
Investors are investing in rising euro-linked derivatives, according to industry and market sources, as they bet that the European Central Bank’s “hawkish” trend marks the end of eight years of negative interest rates. in the eurozone, as reported by Reuters. The euro has hit a three-month high near 1.15 against the dollar since the ECB […]
Ebury: Central banks and inflation firmly in focus
By Enrique Diaz – Alvarez * We have warned that the European Central Bank’s plan to wait until 2023 before raising interest rates in an environment of inflationary pressures was extremely dreamy, and we were fully justified last week. The huge rise in January inflation in the Eurozone set the stage for a bold turn […]
Earnings for the euro in the aftermath of the ECB meeting
The pound is falling to a six-week low against the euro on Friday after yesterday’s statements by European Central Bank President Christine Lagarde that there is concern in the Board. of the bank on the course of inflationwhich was interpreted by the markets as an indication that the bank no longer rules out an increase […]
Ebury: Dollar ‘getting harder’
By Enrique Diaz – Alvarez * In a somewhat incomprehensible development, the dollar is struggling so far in 2022, although US bond yields are rising and the market has discounted the US Federal Reserve’s interest rate hikes and expects more. Last week, the dollar sold out against every major currency except the Russian ruble, which […]
Did the euro finally succeed? – Answers with numbers
By Leonidas Stergiou Stability and rising living standards sum up the two main benefits of the euro on 1 January 2002, exactly 20 years ago. This is the conclusion of the anniversary tribute of the European Central Bank, which together with the statistical database of the European Commission, runs through key figures – not only […]
K. Simitis: “Greece’s accession to the euro was the right choice at the right time”
Former Prime Minister Costas Simitis on the occasion of the 20th anniversary of Greece’s accession to the euro said that it was a right national goal achieved by mobilization. “We achieved this success after a systematic effort by our government and the whole society. It was a national goal that we achieved. It was a […]
Germany – Legislative proposal: The faces of the creators of the first vaccine against Covid-19 in euro banknotes
A lawmaker from the Free Democratic Party of Germany (FDP) has demanded that the faces of the German-Turkish couple behind the world’s first Covid vaccine appear on new euro banknotes, the BirGün newspaper reported, according to Ahvalnews. Ugur Sahin and Ozlem Tureci have saved millions of Europeans, Moritz Körner told reporters, stressing that they have […]
20 years of euros, a sober account
High expectations, but also strong concerns, accompanied the introduction of the euro on 1 January 2002. What is the current picture? An account from DW. On New Year’s Day 2002, champagnes opened in twelve EU Member States, celebrating their participation in the single European currency: Germany, France, Belgium, Finland, Ireland, Italy, Luxembourg, the Netherlands, Austria, […]
