The euro climbed against the dollar on Friday, hitting a five-week high following the latest economic data. The Eurozone's private sector returned to growth in January, according to a preliminary PMI report. Although manufacturing remains in contraction, it is moving toward a recovery, led by an...
The euro jumped to its highest point against the British pound since late August 2024 on Monday.The report revealed that Germany's producer inflation rose for the second consecutive month, highlighting economic resistance that appeared to bolster the euro's upward movement. The European...
The pound sterling weakened against major world currencies on Wednesday, touching its lowest level against the American greenback since late April last year.Yields on long-term government bonds in Britain reached their highest level in over two decades, raising concern about the economic outlook...
The euro dropped on Tuesday, plunging to a low unseen since April 2022 compared to the British pound. Worries regarding the euro area persist, with growth remaining weak in the third quarter and an uncertain medium-term outlook, dragged down by a contracting manufacturing sector. Investor...
The support for the euro as a common European currency reached a record high in the fall 2024 Eurobarometer survey published on Friday. 74% of respondents across 37 European countries approved of it, including 81% of respondents from the Eurozone. The European economy was described as...
The Bank of Russia announced on Wednesday that it will suspend foreign currency purchases until the end of the year to reduce the volatility in the financial market.The central bank said in the statement that the regulator will continue conducting currency sales operations linked to the National...
The euro weakened against the American dollar on Friday, plunging to its lowest level since December 2022 after data showed that the private sector in the euro area contracted to a ten-month low in November, warning that the region's manufacturing industry could be falling into a recession.The...
The euro weakened against the American currency on Tuesday to hit its lowest point in a year as the dollar continued its rally a week after Republican Donald Trump secured his return to the White House as the United States' next president.The euro came under additional pressure due to political...
The euro fell to its lowest level against the American dollar since late June on Wednesday as Republican candidate Donald Trump secured ballots in four of the seven key swing states, bringing his electoral vote count above the 270 needed to claim victory in the presidential election.The dollar...
The European Union currency advanced compared to the dollar on Wednesday, hitting the highest value since July 2023.The move comes after both the European Central Bank (ECB) and the United States Federal Reserve decided to lower interest rates. While the ECB opted for a 25 basis points cut, the...
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