A few days ago, a rare event in the forex markets took place: for the first time in two decades, the euro achieved parity with the U.S. dollar. The euro’s epic collapse has seen it weaken nearly...
Tag: Euro
Bitcoin’s Up, Gold’s Down, the Euro Is Dragging – and It’s All Inexorably Tied
The U.S. The Bureau of Labor Statistics released the consumer price index (CPI), the “inflation number,” for June this week. So macro trends are this week’s featured flavor since CPI wasn’t exactly pr...
Euro Drops to Lowest Since 2002 Against USD, Ethereum Shadow-Fork Live, ZKX $4.5 Million Funding – crypto.news
For the first time in 20 years, the Euro dropped to €0.9951 trading against the USD. ZKX, a crypto-focused project, announced a successful funding round raising $4.5 million. Ethereum’s Shadow fork of...
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto – Finance Bitcoin News
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for...
Why the soaring dollar and crashing euro are rattling global markets: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, July 15, 2022 Today’s newsletter is ...
Euro Slips Below Dollar as Europe’s Economic Fortunes Slump
The euro’s slide below parity with the U.S. dollar reflects Europe’s sinking economic fortunes in the face of the war in Ukraine. But unlike the last time the euro was this weak 20 years ago, nobody i...
Introducing Digital Euro to Protect Monetary Sovereignty amid Cashless Tendency: Lagarde
Christine Lagarde, the President of the European Central Bank, and Fabio Panetta, a member of the ECB’s Executive Board, have shared their thoughts on the need for the digital Euro amidst the waning i...
Digital Euro will only succeed if it’s part of Europeans ‘everyday lives,’ ECB says
The European Central Bank (ECB) believes that in order for a digital euro to be regarded as successful, it must first become widely accepted by European users across the continent. On Wednesday, July ...
Digital Euro Would Be a Success Only If Widely Used, ECB Says
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Charts suggest the euro could see a ‘swift rally’ and lift the market with it, says Jim Cramer
CNBC’s Jim Cramer on Wednesday said that the euro could rise in value in the near future, relying on analysis from DeCarley Trading technician Carley Garner. “The charts, as interpreted by...
Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High – Economics Bitcoin News
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member stat...
Video of Mario Draghi knocking Bitcoin ages like milk as euro sinks to parity with dollar
A recently posted video by @CarlBMenger shows former European Central Bank President and current Italian Prime Minister, Mario Draghi, slating Bitcoin. The short clip, dated March 2018, had Draghi war...
Euro-Dollar parity has been reached
On Monday, the dollar, which was already emerging from a week of good results, reached substantial parity with the euro, the strong currency of the old continent. A new historic level touched: parity...
French central bank head announces Phase 2 of wholesale digital euro project
The first phase of experiments with a wholesale digital euro has been completed, and Phase 2 experiments will begin this year, Banque de France governor François Villeroy de Galhau said Tuesday. Four ...
Euro And Dollar Are Equal For First Time In 20 Years–Here’s What It Means For Americans
Topline The euro and the U.S. dollar are equal for the first time in 20 years, as Russia threatens to cut off gas to the west and inflation rates soar, sparking fears of a European recession. The euro...
Euro Hits 20-Year Low in Parity With the Dollar
Key Takeaways The euro fell to a 20-year low of $1.0001 in Tuesday trading. A potential cutoff from Russian gas supplies and recession fears have accelerated the euro’s downturn. BitMEX’s ...
US Dollar Reaches Parity with Euro, as DXY Breaks Through Resistance
The U.S. dollar appears to be the biggest beneficiary of global financial instability, pervasive inflation, the war in Ukraine and the coming recession. The dollar has regained currency parity with th...
Euro slips closer to parity as Goldman warns the ECB could respond more ‘forcefully’ to a weak currency’
As the euro moved ever closer toward parity on Tuesday, one big Wall Street bank warned that investors may be underestimating the firepower of the bloc’s central bank. Pressure resumed on the common c...
Bitcoin risks new lows as $20K looms amid dollar euro parity
Bitcoin (BTC) headed for $20,000 after the July 11 Wall Street open amid fresh warnings to “prepare for new lows.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,300 eyed as next supp...
Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him – Featured Bitcoin News
Peter Schiff says he will sell his bank, Euro Pacific, for bitcoin if the Puerto Rican regulators let him sell it. “My bank was not put into receivership for being insolvent. It was put there for bein...
Peter Schiff Would Accept Bitcoin in Sale of Embattled Euro Pacific Bank
Gold bug Peter Schiff says he would accept payment in bitcoin (BTC) in the event regulators allowed him to sell his embattled bank, Euro Pacific. The outspoken bitcoin critic vowed to fight after the ...
The euro and dollar are worth the same for the first time in 2 decades. Here’s how their values have changed during that time
For the first time in nearly two decades, the exchange rate between the euro and the dollar is roughly the same. The unusual event is a boon to U.S. tourists in Europe, but not so good for Europeans ...
EUR/USD Weekly Price Forecast – Euro Gets Destroyed
Euro vs US Dollar Weekly Technical Analysis The Euro had a very difficult week, as we continue to see a lot of negativity out there, and I think it is probably only a matter of time before we see pari...
How Low Can the Euro Go?
The euro is hurtling toward parity with the U.S. dollar for the first time since its early years of existence. Investors are betting it could get a lot worse for the common currency. The descent adds ...
Damaris Egurrola Has No Regrets Over Representing Netherlands In UEFA Women’s Euro
ZEIST, NETHERLANDS – JUNE 26: Damaris Egurrola of Holland Women greeting the supporters of Holland … [+] Women during the Training WomenTraining Holland Women at the KNVB Campus on June 26...
US Dollar Nearly Equals Euro for First Time in 20 Years
The US dollar is globally recognized as a safe haven, and so the recent market condition has increased demand for the currency. The Euro/Dollar is currently 1.014 according to data. This means the US ...
The dollar is almost equal in value to the euro. Here are the upsides and downsides
The euro is now worth slightly less than $1.02. (Lauren Raab / Los Angeles Times) The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years. T...
The US Dollar Is Still King, And Investors Can Make The Most Of It
Getty Images Key takeaways The US dollar rose to fresh 20-year highs this week Meanwhile, the euro fell below $1.02 for the first time since 2002 Rising energy prices, tightening central bank policies...
EUR/USD Price Forecast – The Euro Continues to Look Weak
Euro vs US Dollar Technical Analysis The Euro initially tried to rally a bit during the trading session on Thursday but gave back gains rather rapidly to show signs of weakness yet again. That being s...
Women’s Euro Opening Match Smashes Competition Attendance Record At Old Trafford
MANCHESTER, ENGLAND – JULY 06: Beth Mead of England celebrates after scoring their team’s first goal … [+] during the UEFA Women’s EURO 2022 group A match between England and A...
The U.S. dollar hasn’t been this strong against the euro in 20 years. Here’s what happened next.
A gutsy contrarian bet right now is that the strong U.S. dollar will weaken, particularly versus the euro. A secondary bold bet is that U.S. stocks will lag international equities. Dollar weakness wou...