Category: euro
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Euro leans through 1.08 as it nears the weekly high
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It’s a holiday in the US, so I’m taking all market moves today with a grain of salt, but the general theme is to sell the US dollar, perhaps in a delayed reaction to yesterday’s weak ISM services reading (dropped to a four-year low). Over the past few hours, the…
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Dollar slips after dovish Powell speech; euro gains ahead of French vote By Investing.com
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The US dollar fell in early European trading on Wednesday after Federal Reserve Chairman Jerome Powell signaled progress toward lowering inflation, while the euro rose ahead of the second round of French parliamentary votes. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of…
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Euro expected to hold ground despite political tremors: Reuters poll By Reuters
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Written by Saroopia Ganguly BANGALORE (Reuters) – The euro is expected to weaken modestly against the U.S. dollar this month before rallying by the end of the year, currency strategists polled by Reuters said, even though financial markets expect two more interest rate cuts by the European Central Bank by…
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Euro Area CPI Eased Slightly But Services Inflation Remained Sticky High In June
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Eurozone core inflation fell to 2.5% year-on-year in June from 2.6% year-on-year, data from Eurostat, the European Union’s statistics agency, showed. Core inflation, which excludes volatile items such as energy, food, alcohol and tobacco, held steady at 2.9% year-on-year, beating market estimates of a 2.8% decline. Link to Eurozone CPI…
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Dollar edges higher on Trump expectations; euro slips ahead of inflation data By Investing.com
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Investing.com – The U.S. dollar was slightly higher in early European trade on Tuesday, recovering from recent losses, while the euro fell ahead of key inflation data. At 04:30 ET (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at…
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Dollar dips ahead of payrolls; euro gains on French poll results By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Monday ahead of this week’s key employment report, while the euro rose after the first round of voting in France’s election. At 05:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six…
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Asia stocks stutter, euro gains after first round vote in France
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Written by Ankur Banerjee SINGAPORE (Reuters) – Asian stocks fell on Monday as traders weighed the outlook for U.S. interest rates, while the euro rose after the far right won a smaller share of the vote in the first round of a snap election in France than some polls had…
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Asia stocks stutter, euro gains after first round vote in France By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – Asian stocks were mixed on Monday as traders weighed the outlook for U.S. interest rates, while the euro rose after the far-right won a smaller share of the vote in the first round of a surprise snap election in France than some polls…
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Euro rises after France’s first-round vote, yen struggles By Reuters
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By Ray Wee SINGAPORE (Reuters) – The euro rose on Monday after the first round of snap elections in France put the far right in front, albeit by a smaller margin than expected, while a cut in Japan’s first-quarter growth figures sent the yen lower. Exit polls in France showed…
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Euro rises after France far-right win first round vote By Reuters
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By Yoruk Bahceli and Amanda Cooper LONDON (Reuters) – The euro hit a 10-day high on Sunday after the first round of a surprise snap election in France put the far-right in first place but provided little clarity on the final outcome, leaving investors braced for more volatility. Marine Le…
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Euro Rises as Le Pen’s Party Set for Smaller Victory Than Feared
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Breadcrumb links PMN Business The euro rose as traders digested signs that Marine Le Pen’s far-right party was poised to win the first round of France’s legislative elections by a narrower margin than some opinion polls had suggested. Article author: Bloomberg News Alice Gledhill and Allen Oyamada Posted on June…
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Euro Rises as Le Pen’s Party Set for Smaller Victory Than Feared
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Breadcrumb links PMN Business The euro rose as traders digested signs that Marine Le Pen’s far-right party was poised to win the first round of France’s legislative elections by a narrower margin than some opinion polls had suggested. Article author: Bloomberg News Alice Gledhill and Allen Oyamada Posted on June…
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Dollar strengthens ahead of PCE data; euro weighed by political uncertainty By Investing.com
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Investing.com – The US dollar rose in early European trade on Friday, on track for its second straight quarterly gain, the euro fell and the Japanese yen remained on watch for intervention. At 04:00 ET (09:00 GMT), the U.S. dollar, which tracks the greenback against a basket of six other…
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EU Commission says no new EU country ready to join the euro By Reuters
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BRUSSELS (Reuters) – None of the six European Union countries that have not yet used the euro meet the criteria to join the euro zone, although Bulgaria was the closest, the European Commission said on Wednesday. Of the 27 countries that make up the European Union, Sweden, Poland, the Czech…
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Dollar slips off highs ahead of PCE data, euro sees some support By Investing.com
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Investing.com – The US dollar fell on Monday, holding on after rising to an eight-week high last week, while the euro rose despite weak German business sentiment. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at…
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Dollar stays strong, political uncertainty saps euro By Reuters
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Written by Brigid Riley and Amanda Cooper TOKYO/LONDON (Reuters) – The dollar steadied on Monday, while the euro traded near its lowest levels in more than a month, as political turmoil in Europe increased the level of uncertainty among traders, while investors awaited more data to gauge the euro’s strength.…
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Currencies consolidate as dollar steadies, euro hangs near one-month low By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar rose on Monday as the euro hovered near the lowest level in more than a month amid political turmoil in Europe, while investors awaited new signs of the strength of the U.S. economy. Investors are weighing the risk of a budget…
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Election concerns in France give euro worst week in two months By Reuters
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Written by Karen Brettell (Reuters) – The euro is heading towards its biggest weekly decline against the dollar in two months on Friday, amid fears that a new government will worsen the financial situation in France with early parliamentary elections approaching. The yen hit its lowest level in six weeks…
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Circle Executive Says Euro Stablecoins Will Boom After MiCA Goes Live In 2 Weeks
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Patrick Hansen, a senior policy executive at Circle, an issuer of USD and EUR stablecoins, believes that euro-based stablecoins will continue to rise in the coming days. Moving on to X, Hansen male The number of transactions made using Euro stablecoins is 1.1%. Euro against the stable US dollar Source:…
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Circle Executive Says Euro Stablecoins Will Boom After MiCA Goes Live In 2 Weeks
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Patrick Hansen, a senior policy executive at Circle, an issuer of USD and EUR stablecoins, believes that euro-based stablecoins will continue to rise in the coming days. Moving on to X, Hansen male The number of transactions made using Euro stablecoins is 1.1%. Euro against the stable US dollar Source:…