U.S. bond yields fell on Wednesday, sending the 10-year back below 3%, as market volatility eased ahead of the European Central Bank’s rate hike decision on Thursday and next week’s Read more
Tag: euro zone
ECB’s ‘anti-fragmentation’ measure comes at just the right time for Italy
When the European Central Banks delivers its first interest rate rise in more than 10 years on Thursday, it is also expected to provide detail on a measure it hopes Read more
The U.S. dollar hasn’t been this strong 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. Read more
Rampant U.S. dollar pushes euro below parity
The euro fell below parity to the dollar on Thursday, succumbing to the power of a rampant buck as traders raised bets that surging U.S. inflation will force the Federal Read more
EU hikes inflation forecast and cuts growth forecast
The European Commission has raised its inflation forecasts for the eurozone considerably and has slashed its 2023 growth forecast for the bloc as Russia’s war against Ukraine takes its toll Read more
EU Raises Eurozone Inflation Forecasts, Cuts Growth Outlook Due to Ukraine War
By Maria Martinez The European Commission has raised its inflation forecasts for the eurozone considerably and has slashed its 2023 growth forecast for the bloc as Russia’s war against Ukraine Read more
Euro takes fresh run toward parity after U.S. inflation hits 41 year high
Stronger-than-expected U.S. inflation provided the nudge to push the euro back toward parity against the dollar on Wednesday. The euro EURUSD was last changing hands at $1.0019, hitting a session Read more
Nomura forecasts a European Central Bank rate cut — before the ECB has even begun its rate-hike cycle
What goes up, must come down. In a new post on the global economic outlook, economists at Japanese bank Nomura forecast the European Central Bank will make an interest rate Read more
Croatia to Join Eurozone in 2023
Croatia will join the euro area, replacing the kuna as its currency at the start of next year, the European Central Bank said Tuesday. EU finance ministers approved the move Read more
Euro pauses at parity. But what comes next?
In markets, big round numbers attract. But they often also provide support and offer resistance. So after powering towards 1.00 early on Tuesday, the euro/dollar rate came to a juddering halt, Read more