Tag Archives: Euro

The euro gave up some overnight gains on Thursday after its biggest daily jump since 2016, as traders awaited the European Central Bank meeting and an EU summit to highlight how the bloc’s policymakers responded to Russia’s invasion of Ukraine. The single currency benefited on Wednesday from a shift in …

The euro gained more than 1.5% against the dollar on Wednesday as risk appetite returned to financial markets and energy as well as commodity prices eased from recent peaks that were driven by Russia’s invasion of Ukraine and the Western sanctions imposed in response. Market expectations about the potential for …

The EU announced on Wednesday that it is to restrict the provision of SWIFT services to major Belarussian banks, including Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus, as well as their Belarusian subsidiaries, reported Reuters. The EU will also prohibit transactions with the Central Bank …

The euro traded near 22-month lows on Tuesday as the war in Ukraine led to a pessimistic economic outlook for Europe, while currencies that had surged on a sharp increase in energy prices stalled after a weeks-long rally. Russia’s invasion of Ukraine has boosted demand for assets seen as safer, …

The euro traded near 22-month lows on Tuesday as the war in Ukraine led to a pessimistic economic outlook for Europe, while currencies that had surged on a sharp increase in energy prices stalled after a weeks-long rally. Russia’s invasion of Ukraine has boosted demand for assets seen as safer, …

The European single currency briefly fell below par with the Swiss franc for the first time in seven years on Monday and settled at a 22-month low against the US dollar as rising crude oil prices fueled fears that stagflation could sweep across Europe. The war in Ukraine and harsh …

European Central Bank Chief Economist Philip Lane said on Wednesday that the central bank stands ready to take whatever action is needed to fulfill its responsibilities to ensure that price stability and financial stability in the euro area is maintained, reported Reuters. Key Quotes:“The medium-term orientation allows for inevitable short-term …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumps by 5.8% in February, coming in much higher than the previous reading of 5.1%, the latest data published by Eurostat showed on Wednesday. The consensus forecast was for a hotter reading of 5.4%. The core figures arrived at 2.7% YoY …

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and cut off certain Russian banks from the global SWIFT system for interbank payments, potentially causing severe disruption to its oil exports. Brent crude rose $4.16, or 4.3 percent, to $102.09, after hitting a high of $105.07 …

The Russian ruble fell nearly 30 percent on Monday, the euro fell nearly 1 percent against the dollar, and demand for the Swiss franc, the Swiss franc and the Japanese yen increased as safe havens after Western countries imposed tough new sanctions on Russia after its invasion of Ukraine. Western …