«We want to monitor to make sure there's not going to be a resurgence of anti-euro sentiment, which would be negative to European assets and
the euro as a currency,» says de la Durantaye.
The European Central Bank, the top monetary authority for the 19 countries that use
the euro as currency, has said its 30 billion euros ($ 37 billion) in monthly purchases will continue at least through September, but has given no fixed end date.
It is the latest answer to the ongoing sovereign debt crisis (dubbed the «eurocrisis») experienced by a number EU Member States that have
the euro as a currency.
Not exact matches
Much ink has been spilled about the global tide of nationalism, but these leaders, raised with the freedom to zip around Europe without passports, using a common
euro currency, see their individual nations» interests
as inextricably bound to the state of the whole world.
While dozens of hedge funds have sprung up this year to invest in the white - hot digital
currency market, this one, known
as Arrington XRP Capital, is the first to be denominated in a crypto -
currency rather than dollars or
euros.
But,
as well
as Spain, the
euro - dollar
currency cross was also impacted by rumours of a potential hawkish name
as next chairman of the U.S. Federal Reserve.
The
euro, which in the aftermath of January's meeting rose to a new three - year high, started the year surging against other
currencies, including the U.S. dollar,
as the region's economy improved and political risks dissipated.
The
euro - dollar
currency cross was also impacted by rumours of a potential hawkish name
as next chairman of the U.S. Federal Reserve
Although Bernanke denies it, the Fed's money - printing naturally depressed the value of the greenback against other important
currencies, such
as the
euro and yen.
Net profit rose 17 percent to 542 million
euros ($ 650 million), ahead analysts average forecast of 510 million
euros as higher prices helped offset
currency headwinds and an increase in marketing spending.
FLORENCE, Italy, May 3 - Two Italian entrepreneurs are raising up to 20 million
euros as they try to carve out a new niche in crypto -
currency mining - a dream that began in a dishwasher drawer.
LONDON, Oct 31 - The
euro rose on Wednesday, lifted
as equity market gains helped perceived riskier
currencies, and with direction likely to be determined by how Wall Street reopens after storm disruption.
The
euro gives back gains
as post-election euphoria fades, and risk - on
currencies follow — it's time for your FX Fix.
His comments were seen
as negative for the single
currency, which has fallen almost 3 percent from a 15 - month high of $ 1.37 hit earlier this month,
as European officials step up the rhetoric on a strong
euro.
European politicians will be watching the result with concern
as it could prompt the
euro zone's third - largest economy to take a more critical and oppositional stance to the European Union and the single
currency.
Sterling also nudged higher to just under $ 1.28 and 87.42 pence per
euro as formal negotiations got underway on Britain's exit from the European Union, which are expected to generate plenty of headlines for the
currency in the weeks ahead.
The
euro has been one of the best performing major
currencies this year, with its strength stemming partly from growing confidence about the outlook for the
euro zone economy and partly from weakness in other major
currencies such
as the yen and British pound.
If the peg doesn't hold, and the Swissie becomes not just a safe haven but a strengthening one
as as well, investors would likely sell
euros against the Swiss franc, intensifying the pressure on the common
currency.
An anonymous respondent commented, «With the rise of bitcoin or other virtual
currencies people may switch to these entirely
as global
currencies,
as the dollar and
euro may see too many ups and downs.»
After all, the
euro's days
as a contender for global reserve
currency are now on hold at best.
They are intended to provide many of the same functions
as long - established
currencies such
as the U.S. dollar,
euro or Japanese yen but do not have the backing of a government or other body.
He scored a big win in 2015, if you recall, when the International Monetary Fund (IMF) agreed to include it in its basket of reserve
currencies, placing the yuan in the same league
as the U.S. dollar, British pound, Japanese yen and
euro.
Colored coins can be used to represent anything, such
as stocks, bonds, smart properties, securities, precious metals, commodities, other
currencies (such
as dollars, pounds or
euros), and even other crypto -
currencies.
«State monopoly
currencies, such
as the U.S. dollar, the
euro, and the Swiss franc, have no intrinsic value either.
The dollar index against the world's major
currencies is at a four month high with the interest rate gap set to widen between the dollar and
euro - zone
as the US Federal Reserve plans several more rate hikes this year.
Commodity prices also are still relatively flat year to date, while
currencies such
as the
euro and yen also have been resilient.
The standing of the Australian dollar
as a world
currency is recognised by its inclusion in the first wave of
currencies (along with the US Dollar,
euro, yen, Swiss franc, pound and Canadian dollar) in the Continuous Linked Settlement System for foreign exchange settlement that is due to come into operation in 12 — 18 months» time.
Mr. Draghi also took classes with Rudiger Dornbusch, the international economist who postulated that in flexible, multi-exchange rate systems, a single
currency can overshoot its intrinsic value — an idea that was often cited by supporters of the
euro as a reason to adopt the single
currency.
In such a case, the dollar would no longer be a safe haven and traders could turn towards more resilient
currencies such
as the British pound and the
euro.
Two Italian entrepreneurs are raising up to 20 million
euros ($ 25 million)
as they try to carve out a new niche in crypto -
currency mining - a dream that began in a dishwasher drawer.
[Moammar Gadhafi] initiated a movement to refuse the dollar and the
euro, and named on Arab and African nations to use a new
currency as an alternative, the gold dinar.
«A year ago people were saying the
euro would overtake the dollar
as the world's
currency reserve and investors have largely changed their minds.»
Tourist spending in Europe also dropped while some Asian consumers shopped more in places such
as Hong Kong, while
currency effects may have also put visitors to the
euro zone off from buying products.
Companies that report in
euros, such
as SAP, show lower CRM growth at 0.6 percent in current U.S. dollars, but in constant
currency, they show 12.8 percent growth.
As Europe's banking crisis deepens, Greece's and Spain's fiscal crisis spreads throughout Europe and the US economy stalls, most discussions of how to stabilize national finances assume that only two options are available: «internal devaluation» — shrinking the economy by cutting public spending; or outright devaluation of the currency (for countries that have not yet joined the euro, such as Eastern Europe
As Europe's banking crisis deepens, Greece's and Spain's fiscal crisis spreads throughout Europe and the US economy stalls, most discussions of how to stabilize national finances assume that only two options are available: «internal devaluation» — shrinking the economy by cutting public spending; or outright devaluation of the
currency (for countries that have not yet joined the
euro, such
as Eastern Europe
as Eastern Europe).
Oil plunged another 4 percent, while safe - haven government U.S. and German bonds, and the yen and the
euro, rallied
as widespread fears of a China - led global economic slowdown and
currency war kicked in.
«Bayer Lowers Guidance
as Forex Swings Weighed Down 1Q Profit,» at 0554 GMT, misstated the
currency of the converted dollar figure
as euros in the second paragraph.
A blog post this week based on an earlier Fed research paper said that «bitcoin units have no intrinsic value» — but added that
currencies «such
as the U.S. dollar, the
euro, and the Swiss france... have no intrinsic value either.»
However, Draghi listed
currency market volatility
as an obstacle to the inflation target, and added that the ECB would carefully monitor the
euro's exchange rates.
Currently, we're invested in
currency - hedged ETFs
as a way to hedge some of our emerging market exposure, and we've used them in the past
as a way to hedge our European equity exposure from a falling
euro.
Businesses in the 17 countries that use the
euro became much more gloomy about their prospects in May
as the
currency area's fiscal crisis deepened.
But for other
currencies, such
as the
euro and the yen, implied volatilities remain broadly unchanged (Graph A3).
In fact, the only time that speculators in
currency futures,
as a group, have ever bet more heavily on a rise in the
euro was in 2011 when the
euro / US $ exchange rate was peaking in the high - 1.40 s. Consequently, it could be argued that sentiment is more conducive to
euro weakness than
euro strength in the short - term.
Using the European
Currency Unit (the precursor to the
euro)
as a proxy, the bilateral exchange rate against the
euro area was the lowest since 1992, when it reached the equivalent of 1.45.
In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world
currencies, such
as the U.S. dollar, the
euro, or the Japanese yen.
Factories in the
euro zone raised their prices in July
as energy costs swelled, pointing to further upward pressure on consumer prices in the
currency bloc later this year.
LONDON — Iran will start reporting foreign
currency amounts in
euros rather than U.S. dollars, state media said today
as part of the country's effort to reduce its reliance on the U.S.
currency due to political tension with Washington.
It looks very much like speculators in
currency futures have been buying the
euro and selling the SF
as a pair trade, undoubtedly to take advantage of the downward trend in the SF /
euro exchange rate that got underway in April.
The far - right politician reportedly wants France to dump the
euro and adopt a new version of the French franc, which hasn't been used
as legal
currency since 2002.
You can use Abra at any time where you intend to buy, hold, sell, send, and receive bitcoin or any of the 50 + fiat
currencies available through the Abra app (a fiat
currency is a government - issued
currency, such
as US dollars or
Euros).