NEW YORK—The euro rebounded on Tuesday after sliding to a 20-year low and nearing parity against the U.S. dollar as investors worried that an energy crisis in the region would bring on a recession. The single currency reached $1.00005 against the greenback, the lowest since December 2002, after data showed German investor sentiment in July…
The European Central Bank Must Follow Its Mandate
Commentary The European Central Bank should be hugely concerned about two pieces of news. The euro is on the verge of parity with the U.S. dollar and has accumulated a drop of 17 percent since 2021, more than 35 percent since 2008. On the other hand, inflation in the eurozone reached 8.6 percent in June,…
Euro’s Losses Deepen After Inflation Data
LONDON—The euro’s losses deepened on Tuesday after data showing eurozone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year. Rising inflation is usually considered a precursor to tighter monetary policy. The ECB is…
No Decline of US Dollar Expected Anytime Soon
May 5, 2022
admin
Business & EconomyChinaeuroFederal ReserveGerman MarkHK BusinessHong KongJapanese YenMarketsOpinionUS Dollar
0 Comment
The Federal Reserve has had an artificial demand boost due to likely supply shortages expected as a result of the COVID-19 pandemic leading to a near double-digit inflation, the dollar-decline voices have also re-emerged. Such voices have not been heard for some decades. The first time could date back to the early 1970s when the…
Euro Zone Factory Output Growth Stalled in April: PMI
LONDON—Euro zone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed. Russia’s invasion of Ukraine, coupled with renewed COVID-19 related lockdowns in China, have exacerbated supply chain bottlenecks and left factories struggling and…
Dollar Rises Towards 20-year High, Euro Dips After Weak Data
LONDON—The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that eurozone manufacturing output growth stalled last month…
Dollar Hits Five-Year High, Growth Concerns Dent Euro
NEW YORK—The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike rates, while the euro weakened on growth concerns after Russia cut off gas supplies to parts of the region. The dollar has gained on expectations that the U.S. central bank will be more hawkish than peers….
Euro Boosted by ECB Rate Hike Bets, Macron’s Debate
LONDON—A series of hawkish comments amplified bets that the European Central Bank would soon hike interest rates, lifting the euro to a one-week high on Thursday amid expectations French President Emmanuel Macron would win his reelection bid on Sunday. Joachim Nagel, president of Germany’s Bundesbank, joined fellow policymakers in saying the ECB could raise interest…
Euro Turns Negative as ECB Confirms Plans to End Bonds Buys
April 14, 2022
admin
Business & EconomyCurrenciesECBeconomic policieseconomyeuroEuropeForexglobalMarketsRussia-Ukraine WarstocksWorld
0 Comment
LONDON—The euro fell on Thursday after the European Central Bank kept its policy stance broadly unchanged, sticking to plans to slowly unwind stimulus. The euro turned negative, falling 0.1 percent to $1.08820 as of 1210 GMT after the ECB confirmed its plans to cut bond purchases, commonly known as quantitative easing, this quarter, then end…
Euro Slips Versus Dollar as Treasury Yields Hit Multi-Year Highs
LONDON—The euro gave up post-French election gains on Tuesday and fell against the strengthening dollar, bolstered by high bond yields ahead of U.S. inflation data expected to reinforce bets on aggressive monetary tightening. The data for March, due at 1230 GMT, is expected to show the biggest monthly rise in consumer prices in 16-1/2 years,…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`