euro-area
Top StoriesEuro Feels Weight of French Election Concerns, More Russia Sanctions
Top StoriesAnalysis-End of an Era in Sight as Euro Area Borrowing Costs Sweep Above 0%
Top StoriesEuro Weakens as Biden Carries New Sanction Plans to Europe
Top StoriesEuro Set for Biggest Weekly Rise in 6 Weeks
ECB’s Hawkish Surprise, War Tensions Pressure European Stocks
Date: March 10, 2022
By Sruthi Shankar, Susan Mathew and Bansari Mayur Kamdar (Reuters) – Euro zone stocks fell on Thursday after the European Central Bank surprised markets by accelerating its exit from pandemic-related stimulus. An index of euro zone stocks closed down 2.5% having fallen up to 3%, while blue-chips slumped 3%. But euro zone bond yields soared...
Euro Rallies Ahead of ECB Meeting, Poland’s Zloty and Hungary’s Forint Surge
Date: March 9, 2022
By Joice Alves LONDON (Reuters) – The euro rose on Wednesday, briefly nearing $1.10, supported ahead of this week’s European Central Bank meeting by reports that European Union countries were discussing joint bond issuance to finance energy and defence spending. After touching a 22-month low on Monday of $1.0806, the euro stood at $1.0968 at...
Euro Advances From 22-month Lows on EU Bond Issuance Report
Date: March 8, 2022
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro on Tuesday climbed from 22-month lows against the U.S. dollar hit the previous session, lifted in part by expectations that the euro zone will increase fiscal spending to help offset the economic effects of Russia’s invasion of Ukraine. Investors were also hesitant to sell...
Euro Rises From 22-month Lows on Reported EU Bond Issuance Plans
Date: March 8, 2022
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro on Tuesday rallied from 22-month lows against the U.S. dollar hit the previous session, lifted by expectations that the euro zone will increase fiscal spending to help offset the economic effects of the Russia-Ukraine conflict, which pushed energy and other commodity prices higher....
Euro Set for Biggest 3-day Drop in 2 Years as Oil Prices Soar
Date: March 7, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro tanked more than 1% versus the dollar on Monday and was on track for its biggest three-day loss in two years as soaring oil prices stoked fears of a stagflationary shock that could hammer European recovery hopes. The single currency’s drop was broad-based, with the currency flirting...
Euro Sinks to Multi-Year Lows Versus Dollar, Swiss Franc and Sterling
Date: March 4, 2022
By Joice Alves LONDON (Reuters) – The euro fell to a seven-year low versus the Swiss franc and hit its lowest point in almost two years versus the dollar on Friday as the war in Ukraine lowered expectations of European economic growth. The European single currency fell 2.1% this week, and was set for its...