Category: euro

Mild Winter, Weaker US Dollar Support Euro Rally, as Analysts Abandon Bearish Outlook

January 18, 2023
Business & MarketseuroEuropeForexInvestmentMarketsWorld
0 Comment

Last year, the euro suffered a psychological barrier in the financial markets after it plummeted below parity with the U.S. dollar and cratered to its lowest level in about 20 years. From inflation to an energy crisis to recession fears, investors were ultra-bearish on the currency. In the first few weeks of 2023, however, the…

Read More

Historic New Year for Croatia as It Joins Euro, Schengen Area

January 1, 2023
CroatiaeuroEuropeJoinWorld
0 Comment

BREGANA BORDER CROSSING, Croatia—Croatia rang in two historic changes with the new year, as the European Union’s youngest member joined both the EU’s border-free Schengen zone and the euro common currency, fulfilling longstanding ambitions of close integration with Europe. At the Bregana border crossing with neighboring Slovenia, police took down signs at midnight and a…

Read More

Euro Zone Investor Morale Up for First Time Since August: Sentix

November 7, 2022
Business & MarketseuroMarketsSentixzone
0 Comment

FRANKFURT—Investor morale in the euro zone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter, a survey showed Monday. Sentix’s index for the euro zone rose to -30.9 points in November from -38.3 in…

Read More

Wine Prices and the Euro

October 5, 2022
BrighteuroFoodLifestylewine
0 Comment

In the last 25 years, imported wine has become fascinating for many American wine lovers. Starting about 2003, we began buying more imported wines than in any prior year, and one reason was that millennial wine lovers, who were just reaching the legal drinking age, fell in love with the diversity we began to see…

Read More

The Strong Dollar Is a Risk to Corporate Profits

September 23, 2022
Business & MarketsBusiness ColumnistsCurrenciesDollareconomyeuroinflationInvestmentOpinionrecessionTreasury yieldViewpointsyen
0 Comment

Commentary  The strong dollar remains a risk to corporate profits and asset prices as the impact on the global economies grows. While many commentators argued the dollar would go bust due to the excessive debt levels in the United States, such has hardly been the case. In 2022, as the U.S. economy is the “cleanest…

Read More

Dollar Index Has Biggest Daily Percentage Gain Since 2020 After US Consumer Prices Rise More Than Expected

September 13, 2022
Business & MarketsDollareuroEuropean Central BankinflationMarkets
0 Comment

NEW YORK—The dollar rallied against the yen, euro, and other currencies on Tuesday after stronger-than-expected U.S. inflation data boosted investor bets that the Federal Reserve will need to stay aggressive in raising interest rates. The dollar index, which tracks the greenback against its peers, was up 1.5 percent at 109.85 in its biggest one-day percentage…

Read More

ECB’s Lane Sees Euro Area Slowdown, Does Not Rule out Technical Recession

August 30, 2022
Business & MarketsCompaniesECBeconomic policieseconomyeuroEuropeinflationlanerecessionWorld
0 Comment

MADRID—The eurozone’s economy is likely to experience an economic slowdown, European Central Bank’s chief economist Philip Lane said on Tuesday, adding however that he did not rule out a mild, temporary, and technical recession. Lane told Spanish broadcaster TVE that the ECB should raise interest rates on a step-by-step basis. The institution raised rates by…

Read More

Europe Could Face 5 to 10 ‘Difficult’ Winters With Soaring Energy Prices: Belgian PM

August 23, 2022
BelgiumBusiness & MarketsenergyeuroEuropegas pricesrecessionWorld
0 Comment

Belgian Prime Minister Alexander De Croo on Monday warned of harsh economic times throughout Europe and energy bills that are expected to continue rising due to Russia’s attack on Ukraine. “The next five to 10 winters will be difficult,” De Croo predicted during a news conference, where he addressed workers of the port handling company…

Read More

Weaker German, French Data Compound Energy and Euro Woes

August 23, 2022
Business & MarketseconomyeuroGold and CommoditiesinflationInternationalMarketsWorldWorld Economy
0 Comment

LONDON—Weakening economies in Germany and France piled more pressure on markets on Tuesday as decades-high inflation and surging gas prices drag Europe toward recession, pushing the euro to a 20-year low against the dollar. The S&P flash composite Purchasing Managers’ Index (PMI), which tracks manufacturing and services, showed that a downturn in Germany, Europe’s biggest…

Read More

EU Cuts Euro Zone Growth Forecasts, Revises up Inflation Outlook

July 15, 2022
Business & MarketsCommissionCompaniescurrencyeconomic growtheconomic policieseconomyeuroEuropeinflationMarketsRussia-Ukraine WarWorld
0 Comment

BRUSSELS—The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday largely due to the impact of the war in Ukraine. In its quarterly forecasts, Brussels confirmed its more downbeat outlook, which it had already discussed with euro zone…

Read More