Home / Tag Archives: Euro

Tag Archives: Euro

Macron Victory in France Sends Euro to 6-month High

The euro notched up its highest level in six months after centrist reformer Emmanuel Macron won the French presidential election on Sunday, neutralizing the biggest political challenge to the currency in its 18-year history. His far right opponent, Marine Le Pen, had threatened to scrap the euro and reintroduce France’s …

Read More »

2.5M Euros Allocated for IAP Project

2.5M Euros Allocated for IAP Project

Montenegro has received a 2.5 million euro grant for the preparation of project documentation of the Ionian Adriatic Pipeline (IAP) from the Western Balkans Investment Framework (WBIF), said the country’s economy minister Dragica Sekulic, according to the message posted on the website of Montenegrin government. The grant will finance the …

Read More »

Euro Becomes Worst-Performing Major Currency

Euro

The euro is the world’s worst-performing major currency over the past month with traders bracing for the European Central Bank’s decision on whether to expand stimulus, Bloomberg reports. The single currency has depreciated close to 3 percent against the greenback since Feb. 10 as economists forecast the ECB on Thursday will …

Read More »

Dollar Extends Gains against Euro on 2015 Fed Rate Hike Bets

The U.S. dollar hit a more than two-week high against the euro on Tuesday on continued belief that the Federal Reserve would hike rates this year while the European Central Bank could ease further. The euro hit $1.11130, its lowest against the greenback since Sept. 4, following Fed officials’ recent …

Read More »

Switzerland Avoided a Recession

switzerland

Switzerland unexpectedly avoided a recession last quarter as investment and private consumption helped return the economy to growth. Gross domestic product increased 0.2 percent in the three months through June, after a contraction of 0.2 percent in the previous quarter, the State Secretariat for Economic Affairs in Bern said on …

Read More »

More Volatility Expected – Euro Currency Update

Euro Greek PMs may have agreed to implement the bailout procedures demanded by creditors, but the social unrest in the nation is keeping investors wary. Demand for the common currency also dipped after ECB chief Mario Draghi implied that quantitative easing would be pursued for at least another year, although …

Read More »