Monday was a quiet day in the currency market. Because of Columbus Day in the United States, banks were closed, so the foreign exchange market did not move much. But during the US session, the euro pa...
Tag: Euro
Caizcoin Has Saved Frankfurt’s Euro Monument
Caizcoin is currently restoring the monument, which was in danger of collapsing because of a lack of financing and vandalism. Ottmar Hörl created two replicas of the Euro sculpture at the end of the 1...
Euro zone inflation hits 10%: has it peaked yet?
Euro zone inflation climbed sharply to a new high of 10% in September – flash estimates from Eurostat (region’s statistics office) indicated on Friday. Seema Shah reacts to the inflation report In com...
Investors ditch the euro and pound for Bitcoin in record numbers as their value plummets
In the midst of the collapse of multiple fiat currencies worldwide, the cryptocurrency market seems to be going strong, leading investors to turn their gaze to digital assets like Bitcoin (BTC) and Et...
Peer-to-Peer Validation for Digital Euro Might Not Be Feasible, ECB Says
The ECB will examine using individual users to validate transactions offline, but “the time to market for this solution is more uncertain” than one involving traditional intermediaries like banks, giv...
ECB Advisor Defends Amazon’s Role in Digital Euro Project
Jürgen Schaaf, an advisor to the Senior Management of Market Infrastructure and Payments at the European Central Bank (ECB), on Wednesday defended the EU’s decision to make Amazon one of the five firm...
A digital euro would not be used for commercial purposes, ECB’s Lagarde says
A digital euro issued by the European Central Bank (ECB) “will not be used for commercial purposes,” according to Christine Lagarde, the central bank’s president. The ECB provides “the guarantee that ...
Digital Euro Would Not be Used for Commercial Purposes: Christine Lagarde
Christine Lagarde, the President of the European Central Bank (ECB), has given her word that the proposed Central Bank Digital Currency (CBDC) for the region dubbed the Digital Euro will not be used f...
Digital Euro Could be More Popular Beyond EU’s Borders: Lagarde
“Similar design features would have to be applied to the use of a digital euro by non-residents. This would stop a digital euro replacing other forms of investment and facilitating currency subs...
Digital Euro should be borderless and regulated, says ECB president
European Central Bank (ECB) president Christine Lagarde has suggested that if the institution opts to unveil a digital Euro, it should be borderless to facilitate cross-border payments. According to ...
Frankfurt’s Euro Sculpture Is Saved by New Sponsor CAIZ Development – Press release Bitcoin News
press release PRESS RELEASE. The preservation of the Euro sculpture in downtown Frankfurt, Germany, has been in danger in recent months as no sponsors were willing to provide the required financing. A...
U.K. could trigger a global crisis as pound collapses while bond yields soar, Larry Summers says
““A currency crisis in a reserve currency could well have global consequences. I am surprised that we have heard nothing from the IMF.”” — Larry Summers, former U.S. Treasury secretary Former U.S. Tre...
3 reasons why the euro may squeeze higher
Everyone and their mother is bearish on Europe and the euro these days. Plenty of reasons support the bearish case, such as a strong dollar, the conflict on Europe’s outskirts, or the upcoming economi...
Pound will be worth less than one euro, warns former US Treasury chief
Pound sterling dollar euro parity Treasury Bank of England interest rates Andrew Bailey – Chris J Ratcliffe/Getty Images The pound will soon be worth less than a single euro as the crisis for th...
Euro Hits New Lowest Level Against US Dollar in 20 Years
Euro at lowest level in 20 years in relation to the dollar, as energy woes continue to dictate the macroeconomic landscape. The euro is currently trading at its lowest level against the US dollar in 2...
Should you buy the DAX index as the euro plummets?
The DAX index was little changed on Monday as investors reflected on the latest Italian election and hopes of a recession in Europe. The index was trading at €12,200, which was the lowest level since ...
While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback – Economics Bitcoin News
While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told th...
Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.
It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruisin...
Euro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’ – Economics Bitcoin News
On Friday, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro, plunged to a low of $0.9732 against the U.S. dollar. The drop comes at a time when fiat cu...
Weakening Stock Market Worsened By Strong Dollar
Foreign inflows into the U.S. securities market, including stocks, helped drive up the dollars value … [+] against core currencies. Now it’s a headwind. (Photo by China Photos/Getty Images...
As Rupee, Euro, Yen Collapse in Price, Will Crypto Finally Have Its Day?
The Indian rupee hit a new all-time low on Friday in another turbulent week for the ever devaluing fiat currencies. At the interbank foreign exchange (FX) the rupee opened at ₹81.08 against the dollar...
Should you buy or sell the euro ahead of the Italian elections?
Europe faces headwinds this fall. First, the euro area economies suffered the consequences of the war in Ukraine and the wave of sanctions that followed. A recession is warranted in the months ahead. ...
ECB Selects Five Tech Firms To Build Prototypes For Its Digital Euro
One of cryptocurrency’s most notable use cases is enabling instant cross-border payments. That’s why the Central Bank Digital Currency (CBDC) program has attracted hundreds of jurisdictions worldwide,...
No parity between the Dollar and the Euro
Both in terms of absolute value and as a store of value, the Dollar is clearly above the Euro, and despite today’s recovery that re-established parity in terms of value, the trend according to analyst...
European Central Bank Finalize 5 Partners For Digital Euro, Including One Ripple Partner
– Advertisement – European Central Bank Selects Five Companies for digital Euro Prototype Testing. The European Central Bank (ECB) is to trial five prototype digital euro wallets in what i...
ECB selects Amazon for the digital euro
The European Central Bank (ECB) is about to launch a project to develop a prototype digital euro. Development of ECB’s digital euro The Banque de France (BdF), or the French central bank, has actuall...
Amazon Will Serve as Infrastructure Provider For Digital Euro App
Amazon is among five companies to develop a digital euro prototype for the ECB. Central bank digital currency (CBDC) development is happening now. China has tested the potential uses of the digital yu...
ECB Chooses 5 Firms, including Amazon, to Build the Digital Euro Prototype – crypto.news
According to a news statement on Friday, September 16, The European Central Bank (ECB) has chosen five businesses, including Amazon, to participate in a ‘prototyping’ exercise. These organizations wer...
Why Amazon Was Chosen By The European Central Bank To Develop Its Digital Euro
Amazon, the American multinational technology company, has been chosen by the European Central Bank (ECB) alongside four other companies to provide assistance in developing user interfaces intended fo...
ECB chooses 4 companies to prototype Digital Euro App
The European Central Bank or ECB has publicized it will be doing partnership with five firms for the growth of potential digital user terminals. On Friday, the ECB in its announcement has stated that ...
Amazon Is Testing Digital Euro Prototypes
Key Takeaways The European Central Bank (ECB) has selected five firms to assist in testing its upcoming digital euro. Each participating firm will create a prototype interface that will be used to pro...
ECB Chooses Amazon and 4 Other Companies to Help Develop Digital Euro – Coinotizia
The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital eu...