Euro
Coverage of Euro in the Nexus archive.
- Euro Bears Return as Surging Oil Prices Test Currency’s Rebound
Surging oil prices are challenging the euro's recent rebound as investors betting against the currency, known as 'Euro Bears,' return. The article highlights the pressure on the euro amid rising energy costs.
- What’s Happening in EM: Carry Traders Shift Away From Dollar
Emerging-market traders are shifting their funding sources from the US dollar to currencies like the euro and Australian dollar as the dollar strengthens. Vinicius Andrade and Kelsey Butler discuss this trend in a recent analysis.
- Digital finance could spur Eurozone integration
Stablecoins may serve as a common safe asset for the Eurozone, potentially increasing demand for euros and bonds. This could enhance integration within the bloc through digital finance mechanisms.
- Asian shares trade mixed as worries over Iran-US deal remain
Asian shares traded mixed as uncertainty over an Iran-US deal and Hormuz Strait access persisted. Oil prices drifted amid U.S.-Iran negotiations in Qatar, while U.S. stocks trimmed losses but faced weakness in AI sector stocks.
- Wall Street Is Abandoning Bets on a Stronger Euro
Wall Street is reducing its bets on the euro strengthening. Financial markets are shifting away from expectations of a stronger euro.
- Euro sinks to one-year low as falling oil prices ease pressure on ECB
The Euro has dropped to a one-year low as falling oil prices reduce pressure on the European Central Bank. Traders are reducing bets on additional interest rate increases amid a slowing economy.
- Euro Hits August Low as Lagarde’s Rates Talk Diverges From Fed
The Euro reached an August low as Lagarde's comments on interest rates diverged from the Federal Reserve's stance.
- Brazil Lets More Companies Hold Dollar and Euro Accounts at Home
Brazil’s central bank will allow more companies to hold dollar and euro accounts domestically, benefiting exporters, firms with foreign debt, companies with foreign owners, and non-residents. These entities can now keep foreign earnings in those currencies without converting to reais at every step.
- Putin slams Western sanctions as damaging to the global economy
Putin criticized Western sanctions for harming the global economy and eroding trust in Western currencies, citing Russia's lower state debt and controlled budget deficit as strengths. He emphasized a shift toward a multipolar world and highlighted attendance at the St. Petersburg forum by leaders from Saudi Arabia, Uzbekistan, Tanzania, and China.
- Putin slams Western sanctions as damaging to the global economy
Russian President Vladimir Putin criticized Western sanctions at the St. Petersburg International Economic Forum, arguing they harm the global economy and erode trust in Western currencies. He highlighted the growing economic role of developing countries and Russia's macroeconomic stability amid the Ukraine conflict.
- Putin slams Western sanctions as damaging to the global economy
Russian President Vladimir Putin criticized Western sanctions at the St. Petersburg International Economic Forum, stating they harm the global economy and erode trust in the dollar and euro. He emphasized Russia's opportunities in a multipolar world and highlighted the forum's attendance by leaders from Saudi Arabia, Uzbekistan, Tanzania, and China.
- Euro’s Global Role Gains Slightly But Still Distant From Dollar
The euro's global role has slightly increased, but it remains significantly behind the U.S. dollar in international prominence.
- For a yuan in deeper markets, ex-Fed’s Evans cites dollar playbook amid risks, criticism
Former Federal Reserve Bank of Chicago president Charles Evans suggests China can internationalize the yuan by deepening domestic financial markets, drawing parallels to the evolution of the US dollar and euro. His comments highlight lessons from the dollar's and euro's development as part of broader discussions on yuan's global role.
- Brussels poised to pounce on Labour's Brexit surrender: EU chief warns using euro and bigger cash contributions would be price for UK rejoining
The European Union warns that the UK would face strict conditions, including adopting the euro and increasing financial contributions, to rejoin after Brexit. The EU chief criticizes Labour's approach to Brexit as a 'surrender,' signaling a hardline stance from Brussels.
- ECB Hike May Be Inevitable to Keep Credibility, Stournaras Says
ECB President Stournaras suggests a rate hike may be necessary to maintain the bank's credibility, as the governing council meets in Frankfurt to discuss monetary policy.
- France’s Moulin Backs Shared Euro Debt for New Projects
Emmanuel Moulin supports shared Euro debt for new projects. This decision was made at the National Assembly in Paris. The move aims to facilitate new projects in the European region.
- Poland Delays Phase Out of €600 Billion Loan Benchmark to 2036
Poland has delayed phasing out a €600 billion loan benchmark until 2036. The move affects the country's financial plans and could have implications for its economy. Poland's decision may impact European economic policies.
- Lufthansa Speaks to Investors for Euro Bond as Fuel Stress Grows
Lufthansa speaks to investors about a Euro bond as fuel stress grows, highlighting concerns over fuel storage tanks containing Jet A-1 aviation fuel. The situation is causing financial strain on the company. Fuel prices and availability are impacting Lufthansa's operations.
- UniCredit Says Euro Stocks Resilient Despite US IPO Draw
UniCredit reports that Euro stocks are resilient despite a draw from US IPOs. This suggests that European stocks are performing well. The resilience is a positive sign for the European market.
- Outlook for Europe’s Industrial Firms Dimmed by War and Currency
Europe's industrial firms are facing a dim outlook due to the war and currency issues. The conflict is affecting production and trade, leading to economic uncertainty. Industrial production is expected to decline in the coming months.
- Morgan Stanley Sees $200 Billion Hedging Flows Propping Up Euro
Morgan Stanley predicts $200 billion hedging flows will support the Euro. This influx of capital is expected to stabilize the currency. The firm's forecast suggests a positive outlook for the Euro's performance.
- Hungary’s Euro Dream Is Reshaping Bond Markets in Eastern Europe
Hungary's pursuit of euro adoption is having significant effects on bond markets across Eastern Europe. The country's monetary policy ambitions are reshaping investment dynamics and financial conditions in the region.
- ECB’s Lagarde flags euro-denominated stablecoins as financial stability risk, diverging from Bundesbank stance
ECB President Christine Lagarde warned that euro-denominated stablecoins pose a risk to financial stability and monetary policy. She advocated for the introduction of a digital euro instead. This stance diverges from the Bundesbank's position on the matter.
- Lagarde Sees Euro-Stablecoin Risks for Banking, Monetary Policy
Christine Lagarde discusses risks of euro-stablecoins to banking and monetary policy. She highlights potential instability in the financial system. The impact on the European economy is a concern.
- Hungary's new government pushes for euro by 2030
Hungary's new government aims to adopt the euro by 2030 and improve its relationship with Brussels. However, experts caution that the country's weak economy and tight timeline present significant challenges to achieving this goal.
- Just out of Curuosity... how much fiat Money do you all invest in Bitcoin?
A Reddit user shares that they invest 50% of their capital (approximately 50,000 Euros) in Bitcoin and continue to add to their investment periodically.
- Waterland Raises €4 Billion for Latest Private Equity Fund
Waterland, a private equity firm, has successfully raised €4 billion for its latest private equity fund. The fundraising highlights strong investor confidence in the company's strategy.
- Euro Attracts Bullish Options Buyers as Currency Goes Off Script
The euro is attracting bullish options buyers as the currency moves unexpectedly, defying typical market expectations. This surge in interest highlights a shift in investor sentiment toward the euro.
- Magyar Says Hungary Should Eventually Adopt the Euro
Peter Magyar, following his election victory in Hungary, stated the country should eventually adopt the Euro. The announcement was made during a news conference in Budapest on April 13.
- Sterling Is Carrying More of a War Premium Than Euro in Options
The article highlights that the British pound (Sterling) exhibits a higher 'war premium' in options markets compared to the Euro, reflecting increased risk perceptions. This premium indicates investors demand higher returns for holding Sterling amid geopolitical uncertainties.