Euro today: Euro hovers near 20-year low on recession worries

The euro hovered near a two-decade low against the dollar on Thursday as Europe’s energy woes cast a long shadow over the economic outlook. The euro was about flat at $1.01845 after sinking as low as $1.01615 on Wednesday, for the first time since late 2002. The dollar index – which measures the currency against … Read more

Stocks in the doldrums as euro founders on recession fears

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Jul 06, 2022  •  36 minutes ago  •  3 minute read  •  Join the conversation Article content SINGAPORE — The euro huddled at a two-decade low on Thursday and oil nursed losses as investors fretted about a looming recession, while equities were caught between growth … Read more

Euro 2022 seeks to break commercial records after banner year for women’s game

For years women’s football was something Uefa would bundle in as a bonus for companies chasing sponsorship deals with the men’s game. Next week, it has the chance to prove it is no longer a commercial afterthought. Euro 2022, which kicks off in England on Wednesday and runs through to the end of the month, … Read more

Euro gains traction ahead of inflation data, dollar steadies

Breadcrumb Trail Links PMN Business Author of the article: Article content SINGAPORE — The euro won support on Tuesday as traders braced for European inflation figures to run hot this week and awaited a speech from central bank chief Christine Lagarde, while worries about a recession kept the U.S. dollar firm. The euro rose 0.3% … Read more

ECB has ‘no limits’ in defence of euro from debt turmoil, says executive

The European Central Bank has “no limits” in its commitment to defend the euro, board member Isabel Schnabel said on Tuesday, stressing its willingness to launch a new instrument to counter any “disorderly” jump in the borrowing costs of weaker eurozone economies. The comments by Schnabel in a speech to students of the Panthéon-Sorbonne University … Read more

Russian rouble jumps to 2-week high vs dollar, euro By Reuters

© Reuters. FILE PHOTO: Russian Rouble banknote is placed on U.S. Dollar banknotes in this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -The Russian rouble jumped to a two-week high on Thursday, gaining as much as 3% against the dollar and euro on the Moscow Exchange, supported by capital controls and high oil … Read more

Column-ECB rates pledge spurs punchy hedge fund euro bets: McGeever By Reuters

© Reuters. FILE PHOTO: The European Central Bank (ECB) headquarters is pictured in Frankfurt January 21, 2015. REUTERS/Kai Pfaffenbach/File Photo By Jamie McGeever ORLANDO, Fla. (Reuters) – The European Central Bank appears committed to start raising interest rates next month, opening the door for hedge funds to load up on euros. And that is exactly … Read more

Asia shares brace for U.S. inflation, euro up on ECB bets

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Jun 05, 2022  •  18 minutes ago  •  3 minute read  •  Join the conversation Article content SYDNEY — Asian shares made a muted start on Monday as caution gripped ahead of a critical reading on U.S. inflation, while the euro gained on the yen … Read more

Euro zone inflation hits new record, adding to case for big ECB rate hikes By Reuters

© Reuters. FILE PHOTO: European Central Bank (ECB) headquarters building is seen during sunset in Frankfurt, Germany, January 5, 2022. REUTERS/Kai Pfaffenbach/File Photo By Balazs Koranyi and Jan Strupczewski BRUSSELS (Reuters) – Euro zone inflation rose to another record high in May, boosting government bond yields as markets saw the data as a challenge to … Read more

Stocks slump as Snap cracks rally, Lagarde lifts euro

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Article content LONDON — Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom. Nasdaq futures lost 2.06%, with traders … Read more