Category: EUR
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Goldman Sachs: EUR should now be the preferred funding currency over CHF and JPY
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Goldman Sachs suggests that the euro should now be considered the financing currency of choice, especially compared to the Swiss franc and Japanese yen, given current market conditions and expectations for the currency’s performance. Key points: The company uses its market systems framework to analyze forex performance based on return…
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Regional elections risks may impact EUR, warns Citi By Investing.com
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Citi has highlighted the potential for increased political risk in Europe as German regional elections begin on September 1. According to the Citi Economics Europe report, the elections could lead to major shifts in regional politics, potentially destabilizing the national coalition, changing national fiscal policies, and reorienting Germany’s policies within…
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Philips to repurchase shares for up to EUR 125 million to cover long-term incentive plans
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Article Content August 5, 2024 Amsterdam, Netherlands – Royal Philips PHG, listed on the New York Stock Exchange (NYSE: PHIA), today announced that it will buy back shares for up to €125 million to cover certain obligations arising from its long-term incentive plans. At the current share price, this represents…
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Interesting strength for EUR at the start of the week
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Both the Euro and European stocks outperformed their US counterparts yesterday. OAT/Bund spreads showed some calm yesterday, with the spread falling by 4 basis points from 0.76% to 0.72%. With the early French elections approaching on Sunday, markets have already priced in a fair amount of risk premium on the…
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The EUR is the strongest and the NZD is the weakest as the NA session begins
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From strongest to weakest among major currencies The Euro is the strongest and the New Zealand Dollar is the weakest as the North American session begins. The US dollar starts the new trading week – heading into the US session – mostly stronger. The dollar only fell against the euro.…
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Turkish Lira hits record high in crypto market share, surpassing EUR
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The Turkish Lira (TRY) has become the third largest fiat currency used in cryptocurrency trading. according to Report from Caico ResearchThe growing market share of the Turkish Lira has pushed it to surpass the Euro (EUR), capturing 19% of the market share. This was an all-time high for the coin,…
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ECB’s Holzmann says further rate cuts by the Bank could slam EUR and spike inflation
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Robert Holzmann is the Governor of the Austrian Central Bank and a member of the Governing Council of the European Central Bank, described by many critics as the A1 hawk at the table. Holzmann spoke in a radio interview on Saturday with public broadcaster ORF (Österreichischer Rundfunk, “Austrian Radio”). He…
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USD continues its run to the upside. Dollar at new highs vs EUR, GBP, JPY, CHF AUD & NZD
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The US dollar continues to rise in an uptrend, with the US dollar making new highs against all major currency pairs except the Canadian dollar. Euro against the US dollar. EURUSD is testing the 38.2% retracement level of the upward move from the May 1 low. This level comes at…