It was December 2002, when the euro-dollar rate had reached one-to-one, “absolute parity”. Since then the single European currency has followed an upward path, with some fluctuations. A year ago it reached 1.18 against the dollar. But last Wednesday it dropped to 1.02. Experts believe that we may soon see a 1:1 parity again. The […]
Tag: euro
Pressure on bonds from the fall of the euro
Today, almost all bond markets in the euro zone were negatively affected by the large decline of the euro. The European currency fell against the dollar during the day to its lowest level since late 2002 as investors see a recession risk. In addition, the general picture of the European economy creates significant uncertainty regarding […]
The euro is at a 20-year low against the dollar
The euro hit a 20-year low against the dollar as investors began to scale back expectations for interest rate hikes by the ECB, given the risk of a recession in the region. The single currency fell 0.9% to 1.0333 against the dollar, its lowest level since December 2002. Markets cut their expectations for ECB policy […]
The euro is at a 20-year low
The euro hit a 20-year low against the dollar as investors began to scale back expectations for interest rate hikes by the ECB, given the risk of a recession in the region. The single currency fell 0.9% to 1.0333 against the dollar, its lowest level since December 2002. Markets cut their expectations for ECB policy […]
Russia loosens capital controls – The ruble is at a two-week high against the dollar
Russia has eased capital controls as exporters will no longer be forced to convert their profits into foreign currency, the country’s finance ministry said today, according to Reuters. By May, Russian companies were forced to convert 80 percent of their profits in foreign currency into rubles, a move that analysts say helped stop the ruble […]
The euro has strengthened since the ECB announced it would end its bond market in July
The euro is moving upwards after the announcement of the European Central Bank that it ends the bond purchase program at the beginning of the third quarter, while paving the way for the first interest rate increase after more than 10 years from next month. In particular, the euro strengthened by 0.25% to 1.0746 against […]
The euro fell again, after the temporary rise of the ECB
LAST UPDATE: 17:24 The upward movement of the euro immediately after the announcement of the European Central Bank that it ends the bond purchase program at the beginning of the third quarter, while announcing the first interest rate increase after more than 10 years next month, did not last long, as the public currency has […]
Russia: National Settlement Depository suspends operations in euros
LAST UPDATE: 21.23 Russia’s National Settlement Bank (NSD) announced tonight that it was suspending its activities in euros due to sanctions imposed by the European Union and described the situation as “emergency”, as reported by Reuters. In the latest package of sanctions against Russia, the EU added to the list of entities subject to sanctions […]
Commission: Croatia ready to join the eurozone by 2023
Croatia is ready to join the eurozone, the European Commission said on Wednesday, paving the way for the Balkan country to adopt the euro from early 2023 and become the 20th European country to use the currency. Once the Commission’s assessment is approved by EU leaders in June, EU finance ministers will set the exchange […]
Ebury: Macroeconomic data in focus
By Enrique Diaz – Alvarez * Stock markets and risk markets in general recovered sharply last week, while US interest rates did not. The result was a predictable sell-off of the dollar, which mainly benefited the currencies of Europe and Latin America. The first was reinforced by differences in closure rates in the Atlantic, and […]