Tag Archives: Euro

The industrial producer price index (PPI) increased in August by 0.1% in the Eurozone, and by 0.2% in the European Union (EU), according to estimates by Eurostat. Last month saw some easing of preventive measures against the COVID-19 pandemic in Europe. On an annual basis, industrial producer prices decreased by …

The economic recovery in the euro area remains incomplete, uncertain and uneven, Christine Lagarde, President of the European Central Bank (ECB), reiterated while delivering her prepared remarks at the EU Committee on Economic and Monetary Affairs. “In the current environment of elevated uncertainty, the Governing Council will carefully assess all …

Recent remarks by the President of the European Central Bank (ECB), Christine Lagarde, suggested that the appreciation of the Euro (EUR) is putting downward pressure on prices, or in other words not helping achieving the central bank’s inflation targets. Speaking to the Franco-German Parliamentary Assembly on Monday, Lagarde said that …

European Central Bank data showed that Eurozone companies continued to obtain bank credit in August, two months after most economies eased restrictions on economic activities aimed at controlling the Coronavirus pandemic. Corporate bank loans rose 7.1% year-on-year, extending a borrowing boom that began in March when large parts of the …

The European Central Bank said in a publication on Thursday that the unemployment rate will continue to rise in the Eurozone and that there is a limited increase in consumer demand even as the economy recovers from an unprecedented recession. In the bulletin, which largely reflects the economic expectations and …

The euro fell to its lowest level in two months, Wednesday, September 23, after positive economic data from the United States and concerns about the second wave of Coronavirus infections combined with weak European indicators to support the rise of the dollar. The US currency rose to $ 1.1671 against …

The Euro (EUR) is declining against the US Dollar (USD) on Monday, with increasing concerns about the Coronavirus (COVID-19) pandemic leaving their toll on the European currency. The EUR/USD is trading lower for the day by 0.84% at 1.1741. The pair has been moving in a range between 1.1732 and …

The euro rose slightly as traders indicated the calm approach of policymakers in the European Central Bank regarding the recent rise of the euro, while the Norwegian krone rose on official expectations that the current economic contraction will be less than expected. After a press conference on Thursday in which …

“The Governing Council discussed the appreciation of the euro, but as you know we don’t target the exchange rate.”“The incoming data since our last monetary policy meeting in July suggest a strong rebound in activity broadly in line with previous expectations.”“Euro-area domestic demand has recorded a significant recovery from low …

The single currency continued its negative movements within the expected downward path, approaching the critical level of 1.1720, and flirting with session low at 1.1749. Technically, today’s trading is witnessing attempts to re-test the previously broken support, which became a resistance level at 1.1855/1.1850, which is also the broken support …