euro-area
TradingEuro Falls Below Parity for the First Time in 2 Decades
Top StoriesEuro Falls Below Dollar Parity for First Time Since 2002
InvestingEuropean Shares Slip Ahead of U.S. Inflation; Investors Focus on Euro
Top StoriesGerman Yields Eye Biggest Jump Since Mar 2020
Chipmakers Revive Stocks as Euro Struggles After Freefall
Date: July 7, 2022
By Huw Jones LONDON (Reuters) – Chipmakers revived stock markets on Thursday, helping to sooth investor worries over a potentially rapid recession because of looming rate hikes, while the euro struggled near a 20-year parity with the safe-haven dollar. Sterling rose 0.6% after reports that Britain’s Prime Minister Boris Johnson will resign following a string...
Euro Falls to Lowest Since 2002 on Concerns Over Energy Prices
Date: July 6, 2022
By Stefano Rebaudo (Reuters) -The euro tumbled to a new two-decade low on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc’s economy, while demand for safe-haven assets drove the dollar to fresh 20-year highs. All oil and gas fields that were affected by a strike in...
Euro Zone Bond Yields Fall After Business Activity Disappoints
Date: June 23, 2022
By Yoruk Bahceli (Reuters) – Euro zone bond yields fell on Thursday after data showed business activity in the bloc slowed more than expected in June and Germany triggered the alarm stage of its emergency gas plan, adding to concerns over global growth. S&P Global’s flash composite purchasing managers’ index dropped to 51.9 in June...
Euro Rises With Focus on Ecb, Dollar Retreats
Date: June 20, 2022
By Samuel Indyk LONDON (Reuters) – The euro rose on Monday as markets focused on the European Central Bank’s tools to fight fragmentation in the currency bloc, looking through the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in the country’s parliamentary election. Macron’s Ensemble alliance secured...
Franklin Templeton’s Zahn Says New ECB Tool Unlikely for Now
Date: June 15, 2022
LONDON (Reuters) – The ECB is unlikely to introduce a new tool just yet to address strain in euro area bond markets, and may instead prefer to stress bond reinvestments, Franklin Templeton’s head of European fixed income David Zahn said on Wednesday. The European Central Bank has called a rare, unscheduled meeting on Wednesday to...
How Will the ECB Contain Fragmentation Risk in Euro Area Bond Markets?
Date: June 14, 2022
By Yoruk Bahceli, Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – As the European Central Bank rushes to exit stimulus and raise interest rates to tame inflation, bond markets are testing its ability and willingness to act against the strains that are starting to hit weaker countries in the bloc. The premia investors demand to...