euro

Tomorrow morning, the Euro Area’s consumer price inflation rate is set to be unveiled, anticipated to continue its downward trend. However, the magnitude of this decrease will play a significant role in shaping the European Central Bank’s (ECB) approach to future rate hikes. Last month...

Consumer spending in Europe is experiencing a significant decline, as a combination of inflation andeconomic recession puts pressure on households to cut back on both essential food items anddiscretionary purchases. Europe’s economic recovery is facing challenges due to China’s...

In an effort to combat elevated inflationary pressures, the European Central Bank (ECB) announced a 0.25% increase in its key interest rates, bringing the cost of borrowing to the highest levels in over two decades. ECB Governor Christine Lagarde said that inflation is projected to remain too high...

European equities slumped on Friday as preliminary GDP data for the eurozone showed a slightly lower-than-expected increase in the first quarter, while German preliminary GDP data fell well short of expectations. In Germany, the preliminary consumer price index (CPI) statistics reveal a lower-...

Although conversations around de-dollarization have gained ground recently, former Treasury Secretary Larry Summers did not seem too concerned during an interview with Bloomberg last week. The economist also shared his thoughts on how the U.S. should deal...

Mastercard Inc (NYSE: MA) partnered with the Australian stablecoin platform, Stables, to launch a stablecoin digital wallet integration that will allow retail customers in the Asia-Pacific (APAC) region to spend their stablecoins anywhere Mastercard is accepted. The collaboration includes...

Stablecoin issuer Tether (CRYPTO: USDT) on Monday announced the upcoming launch of Tether Gold (XAU₮) and Euro Tether (EUR₮) on cryptocurrency exchange Huobi Global starting Dec. 8. Huobi Global reports having over 500 types of digital tokens available on the exchange and a trading volume...

By RoboForex Analytical Department Early in another week of October, the major currency pair is falling. At the moment, EUR/USD is balancing around 0.9720. Global capital markets are trying to escape risks amid recession concerns and this fact makes the “greenback” attractive again. On...

Chicago Mercantile Exchange Group (CME) announced on Monday the launch of euro-denominated Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) futures. Tim McCourt, global head of equity and FX products at CME Group, said the new products are made to allow institutional investors another way to...

The U.S. dollar traded marginally higher during the Asia session on Wednesday as traders prepared for U.S. consumer inflation data due later in the day, which will determine the course of prospective rate hikes. Earlier, a strong July jobs report had stoked fears of aggressive rate hikes by the...

The euro's fall has come to the rescue of carry traders looking to invest in emerging market currencies. Such trades, where borrowed euros are used to invest in high-yielding emerging market (EM) currencies, have recorded lucrative profits to the tune of about 29% this year, depending on the...

The euro recovered partially against the dollar on Wednesday morning in Asia trading, after falling over 1% overnight on the back of surging energy prices due to Russia’s gas supply cut and ahead of a key U.S. interest-rate decision. The greenback also held firm ahead of the U....

The dollar index is trading at levels last seen in a bull market in 2000, and July 2022 is coming up to a climb of 4%.  How has this impacted the currency pairs on my watchlist? I will look at the various pairs in individual articles, starting with the euro-U.S. dollar pair.  The EURUSD...

The Euro has reached parity with the U.S. dollar for the first time in 20 years. What Happened: Following macroeconomic fears of an impending recession, the Euro is now equal to the U.S. dollar. There is an array of implications this event has for the crypto sector. Having depreciated 10%...

By RoboForex Analytical Department The major currency pair continues falling. On Monday 28 March, EUR/USD is trading at 1.0951. The currency market is still interested in the “greenback” as a “safe haven” asset – investors need to hedge risks amid both global...