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updated Sun. March 10, 2024

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The eastern European nation of Bulgaria has provided the EU with some much-needed confidence, forging ahead with more integration despite rising anti-euro sentiment across the continent. Bulgaria, who's been a member of the EU since 2007, wants to move forward with its European integration and ...
The Euro slipped back at the end of last week versus the Japanese Yen and the US Dollar as risk assets turned over, boosting demand for the safe haven currencies. Higher yielding currencies and risk-correlated assets suffered, with pairs like EUR/AUD, EUR/NZD, and EUR/CAD closing the week near ...

Pound Sterling is falling back into the middle of a long-term range against the Euro with 1 Pound buying 1.1407 Euros on the inter-bank market at the start of the new week. The Pound-to-Euro exchange rate broke down quite sharply last week, falling for four consecutive days after comments from the head ...
Nonetheless, the market response to this news has been positive, with the pound euro exchange rate quickly gaining ground despite recent tumult regarding the Brexit negotiation process. Indeed, Brexit is once more at the top of the UK's political agenda with news that the EU has comprehensively rejected ...
Jessica Mauboy's song for the Eurovision song contest has been getting the thumbs up from online listeners around the world. The song, 'We Got Love', is up on the Eurovision website. Listener reviews include top-three predictions from some listeners in Sweden and one French fan wishing Mauboy “Good ...
For Pound Sterling, "short-term Brexit uncertainty reduced, longer-term challenges remain," say analysts at the London-headquartered global banking giant Standard Chartered who have set out there latest views on the Pound, Euro and US Dollar. It is believed the Pound's recent recovery can therefore ...

The Pound is outperforming the Euro at the start of April; a month that tends to typically deliver gains for the Pound and the Pound-to-Euro exchange rate now sits at a key resistance level where there is a substantial risk of a breakout higher. Commerzbank analyst Karen Jones has studied EUR/GBP - the ...
POUND to euro exchange rate today is still being influenced by the manufacturing industry PMI highlighted “better-than-forecast” results. A pound is now worth £1.14 after rising in the past 24 hours. A pound has been buoyant in the past few days. 2. A pound has been buoyant in the past few days ...
Suspicious investors may be positioning themselves for further bad news to develop surrounding the Deutsche Bank story, which would certainly impact the Euro. Traders should be very careful with the European currency in the days to come. In the short term, we believe Euro could be negative.
Pound Sterling starts the new week higher against the Euro and most other major currencies as it sets aside the selling pressure that characterised the end of the previous month and quarter. At the time of writing on Tuesday, 1 Pound buys 1.1427 Euros on the inter-bank market with some fresh gains ...
POUND to euro exchange rate: How to get the best rate this Easter weekend for your holiday. EasyFX reveals the top advice on how to make the money ... Getting the best exchange rate when converting pound to euro can be difficult in the current climate. The uncertainty of Brexit and disappointing UK data ...
Nobody can save the euro, Marc Friedrich, an analyst at financial advisory firm Friedrich & Weik told Sputnik Germany, adding that the European currency is likely to become a thing of the past in just five years. According to the analyst, International Monetary Fund (IMF) Managing Director Christine ...
EUR/USD has recorded slight gains in the Friday session. Currently, the pair is trading at 1.2327, up 0.21% on the day. German banks are closed for a holiday. US and major European markets are closed for the Easter holiday, so traders can expect a quiet day from the pair. German inflation increased in ...
... the more prominent below. - The US Dollar remains extremely weak despite the fact that the Fed is one of the only games in town for rate hikes. This is likely emanating from concerns around fiscal policy, but it's come along with moves of strengths in various stages of development in both the Euro and the ...
That means creating, Lagarde and others, such as France's president, Emmanuel Macron, say, a “rainy day fund”, or a grand insurance scheme for the euro zone, to which all contribute in good times and those in need dip into in bad times. The summit debate was a testing of the water, and Taoiseach Leo ...
German CPI data headlines the economic calendar in European trading hours. The headline on-year inflation rate is expected to rise to 1.7 percent, marketing the first increase in four months and the highest reading since December 2017. Broadly speaking, Eurozone economic news-flow has increasingly ...
The Turkish Lira dropped past 4 per U.S. dollar for the second time in its history early on March 28, coming closer to record levels. The lira plunged to 4.0012 against the U.S. dollar, falling 0.45 percent in the early hours of the trading hours in Turkey, according to Doğan News Agency. The lira also slumped ...

The euro EURUSD, +0.0650% traded at $1.2401, down from $1.2446 on Monday, when it touched its highest level since mid-February. The British pound GBPUSD, +0.0642% fell to $1.4156 from $1.4230 in the previous session. The dollar strengthened against the Chinese yuan — both its onshore ...
[MILAN] European shares fell on Monday as a late surge in the euro and diplomatic tensions with Russia more than offset hopes that the protectionist shift in US trade policy may be more selective and tactical than first feared. The regional Stoxx 600 benchmark fell 0.7 per cent to its lowest level since ...
A lot of things are going right for French President Emmanuel Macron these days and this is putting him in a rather unique position within the leadership of Europe. Hopes were high when he was elected that maybe Germany along with France and Italy (led by former Prime Minister Matteo Renzi) might form ...
Indeed, we have canvassed the views of a number of leading foreign exchange analysts in the industry and many agree the British Pound could be confined to more sideways action against the Euro over coming weeks as the recent breakthrough in Brexit negotiations turning out to be something of a damp ...
The euro rose to a new five-week high on Tuesday with receding fears of a global trade war hurting the dollar and encouraging investors to resume their bets on a stronger single currency. After a big gain on Monday, the euro added another 0.3 per cent to hit $1.2473, leaving it less than cent off the three ...
The volatility seen among the Euro complex last week may have been welcomed by traders, but it led to little directional progress in several of the major crosses. EUR/USD whipsawed for the entire week thanks to the FOMC meeting and headlines over the Trump administration's trade tariffs; EUR/GBP hit ...
Pound Needs Stock Market Recovery to Continue Upward Trend Against Euro and Dollar. Modified: ... The Pound is underperforming the majority of its global peers ahead of the weekend with the Pound-to-Euro exchange rate quoted lower at and the Pound-to-Dollar exchange rate quoted lower at 1.4108.
The Pound-to-Euro exchange rate rose up and peaked at 1.1525 on Thursday, just below the range highs following the Bank of England (BOE) rate meeting, at which talk of higher interest rates led to a spike in the Pound. The spike was rejected at 1.1525, however, and GBP/EUR has since fallen back ...
For those that would look for a silver lining on the day, it was announced by US Trade Representative Robert Lighthizer that a number of exemptions to the forthcoming steel and aluminum import taxes including the Euro-area, Australia, South Korea and of course Canada and Mexico among others.
Firstly, to those wondering how a chart of the Euro can stretch back to the 1980s given the currency had not been created yet (the Euro first entered circulation on the 1st of January 1999), Citi used an amalgam of Eurozone member states currencies as a pre-1999 Euro proxy. The main thing to note on the ...
A break below that would really turn the tables on Euro bulls and make a great case for the 1.2556 February highs being a major top, and therefore a reversal in the primary trend. Commerzbank's bearish forecast would be proven wrong on a break above 1.2651 and the very long-term trendline drawn from ...
The Euro appears to be vulnerable to deeper losses against the US Dollar after a break below near-term chart support opened the way below the 1.22 figure. Another brief foray to the upside proved fruitless, with the single currency rejected on a test of trend line resistance capping gains since mid-February ...
FRANKFURT (Reuters) – A strong euro and higher funding costs have created a 450 million euro (393.13 million pounds) headwind for Deutsche Bank in the first quarter of the year, the German lender's finance chief said on Wednesday. James von Moltke, the bank's chief financial officer, ...
Today, we dove into a few charts ahead of today's FOMC meeting, where the Fed is expected to raise rates, but will be the new Fed Chairman's (Powell) first press conference; it could bring some volatility. Dollar pairs, crosses, gold, S&P 500 in focus.
Romania announced a new target to adopt euro in 2024, after several missed attempts, but during the last year moved away from meeting the convergence criteria due mainly to recent fiscal measures. Experts suggest the country needs a roadmap to become more like the core Europeans before joining the ...
Euro strength can pressure shares of European exporters as a stronger euro can reduce revenue and earnings made overseas by such companies. The euro's decline came after widely watched German sentiment survey from think tank ZEW said its economic sentiment index fell to 5.1 in March, its lowest ...
Pound Sterling has paused to take a breather following ten successive days of gains against the Euro and our technical studies suggest the move higher will probably continuine. The Pound-to-Euro exchange rate has stationed at a natural point on its journey higher towards the ceiling of a long-term range, ...
The eurosceptic politician has long criticised Italy's adoption of the euro, calling it a “wrong currency and a wrong choice”, and claiming the euro has a damaging impact on the country's economy. Clemens Fuest, President of the IFO Institute for Economic Research, along with predecessor Hans-Werner ...
And, higher rates delivered faster make for a stronger Euro, something those with Euro-based international payments need to seriously consider. Sparking interest in the future of Eurozone interest rates and the exchange rate were reports ECB policymakers are now beginning to shift their debate to the ...
This is likely to be bad news for the Euro-to-Dollar rate, which has spent the best part of the last month ceding the initiative to the greenback, marking a break with an order that had previously propelled it to a 17% gain for the year to February 16. Nordea's is just the latest in a choir of voices that have been ...
The Pound remains “extremely cheap” and with a Brexit transition deal now in the bag, fading economic uncertainty should create scope for the British currency to regain its poise against the Euro and US Dollar, according to strategists at ING Group. This call comes hours after British and European ...
“Continued strong PMIs continue to point to the ongoing expansion in the euro area and we forecast growth of 2.0% in 2018 and 1.9% in 2019, with risks on the upside. However, inflation pressures remain subdued, with January headline inflation dipping to 1.2%. Core inflation remains around 1%.
German chancellor Angela Merkel started her fourth term where she ended the third: with her foot on the brake of France's euro reform agenda. Caught between ambitious French president Emmanuel Macron, who wants to pick up the pace, and her own camp wary of reforms that burden German taxpayers, ...
In my previous article, I have identified EUR/CAD short as the most contrarian trade among major forex pairs. In this article, I would to go into details and list four reasons to short the Euro against Canadian dollar (or to buy Canadian dollar against the Euro).
The 19 euro zone countries have been discussing the details of how to reform the region, including plans to complete a banking union. "There is a worry including in Germany, which I can understand and share, that monetary policy remains the only game in town," Francois Villeroy de Galhau said.
The Euro-to-Dollar rate is headed back to the bottom of its two month trading range over coming days if commentaries from foreign exchange strategists at some of Europe's leading trading firms are anything to go by. Europe's common currency has been bludgeoned by a perfect storm of bearish factors in ...
PARIS (Reuters) – French Finance Minister Bruno Le Maire on Wednesday urged Germany and other European countries to stop holding up tough decisions about the euro zone's banking and capital market regulations. Euro zone finance ministers failed to make a breakthrough on Monday on an EU-wide ...
In all, traders will look to the tone of policymakers' pronouncements to inform bets on the path of the central bank's asset purchases. The current program – amounting to €30 billion per month – is currently scheduled to run through September. The Euro buckled as last week's ECB policy call projected a ...
The shekel is strengthening today against both the dollar and the euro. In late morning inter-bank trading the shekel-dollar exchange rate is down 0.64% against the dollar at NIS 3.422/$ and down 0.40% against the euro at NIS 4.234/€. Yesterday, the Bank of Israel set the shekel-dollar representative rate ...
The GBP/EUR exchange rate recently decline declined to a low of 1.1148 but then bounced back after the Euro sold off in the wake of the European Central Bank's March monetary policy meeting where inflation forecasts for 2019 were downgraded in a move that warned traders the Bank will remain ...
The Turkish Lira continued to decline against both the U.S. dollar and the euro on March 13 amid a series of negative developments. The lira fell 0.7 percent against the dollar to its lowest since mid-December, dropped to over 3.86 in the early afternoon of March 13. It also fell to record lows of 4.76 against ...
The Pound-to-Euro exchange rate climbed back above the 1.12 level and looks like it could make a move on the 1.13 pivot which is the level it has been trading around for six months now. The Pound-to-Dollar exchange rate rose above 1.3850, but still remains some way off its 2018 highs just north of 1.43.
U.S. inflation fears have eased slightly following the latest CPI data, limiting dollar support. The euro has proven resilient in the face of political uncertainty, while Secretary of State Rex Tillerson's sacking has triggered fresh U.S. policy doubts. The Eurozone current account surplus should provide important ...


 

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