Fri, March 29, 2024

EUR trading

Unemployment and coronavirus pandemic

European Central Bank and Its Stimulus Package

Central banks from both sides of the Atlantic Ocean made the decision to reduce rates over the last week as ways to support their respective economies. Though the European Central Bank (ECB) decided to choose another option. On March 12, policymakers decided to keep the interest rate, despite market expectations. Nevertheless, the central bank announced …

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Dollar Falls after Trump Bans Travel from Europe to the U.S.

Dollar Falls after Trump Bans Travel from Europe to the U.S.

The U.S. dollar strongly fluctuated during the last few weeks. At first, it was rallying due to the good data and safe-haven status. However, after the coronavirus spread in America, the currency fell sharply. The traders and investors were waiting for authorities to see what measure they would employ against the epidemy. However, they were …

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european commission logo.

The European Commission Wants the Right to Repair

Law requirements will force phone, tablet and laptop manufacturers to make their devices easier to repair and reuse. The European Commission aims to increase recycling and repair to lessen electronic waste by 40% in the region. The Right to Repair will extend an eco-design law to cover said electronics. The bill also gives way for …

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Yen and Euro Skyrocketed. What About Other Currencies?

Yen and Euro Skyrocketed. What About Other Currencies?

The last days were very turbulent for stocks, equities, and currencies. Most of them plummeted down after the pandemic fear caused panic in investors and traders. The markets ended the last session in the red. The investors hit the risk-off currencies once more. As a result, the Japanese yen soared, hitting new highs. The currency …

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Flybe, Largest regional airline ceased to exist

Europe’s Largest Regional Airline Flybe Ceased to Exist

On Thursday, the largest independent regional airline in Europe, Flybe, filed for administration and ceased all operations.  Falling demand, as well as the coronavirus outbreak, dealt the final blow to the carrier. It is worth mentioning that Flybe grounded all flights as it enters administration. Moreover, the once-thriving carrier informed the passengers; it does not …

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dollar, Euro fell after the last weeks' rally; The U.S. dollar soars

Euro fell after the last weeks’ rally; The U.S. dollar soars

The euro dropped by 0.31% at $1.1136 on Wednesday after its recent rally. According to Stephen Innes, the chief market strategist at AxiCorp, the ECB’s imminent cut caused the currency’s downfall. Forex markets in the eurozone are pricing a 90% chance that the European Central Bank will cut its deposit rate, now minus 0.50%, by …

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The U.S. dollar gains after eight-week low while Euro falls

The U.S. dollar gains after eight-week low while Euro falls

The U.S. dollar increased again after the turbulent last weeks. Before it rose against a basket of currencies on Wednesday, the dollar fell to an eight-week low after the U.S. Federal Reserve cut an emergency interest rate in the previous session. However, the dollar index increased by 0.24% at 97.365. It lowered to its weakest …

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Euro and Yuan hit high; the Yen rose against the U.S. Dollar

Euro and Yuan hit high; the Yen rose against the U.S. Dollar

The euro gained significantly after bulls traded the U.S. dollar after the coronavirus spread in America. The currency was last up to $1.1158. Before that, it reached its two-month high on Tuesday. Meanwhile, the sterling lowered against the euro. It bought $1.2819. The euro was traded versus the sterling at 87.07 pence. This point is …

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Yen and Euro Soar Against U.S. Dollar; Swiss Franc Hit High

Yen and Euro Soar Against U.S. Dollar; Swiss Franc Hit High

The U.S. dollar fell after U.S. authorities confirmed the first case of the coronavirus with a citizen who hadn’t any exposure to the infection. However, more cases were reported since then, which undermined the perceived strength of the U.S. economy. As a result, it boosted the euro and other major currencies against the dollar. Washington …

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Euro and Yen Hit High; Safe-Haven Currencies in Demand

Euro and Yen Hit High; Safe-Haven Currencies in Demand

Investors are moving to safe-haven currencies as the coronavirus is spreading worldwide. After the infection broke out in Europe, South Korea, and the U.S., the stock markets went into turmoil. The futures and equities collapsed around the globe. The virus turned the markets upside down – noted Marc-André Fongern, head of FX research at Fongern …

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Yen surges forward. Euro-dollar volatility hits high

The Yen surges forward. Euro-dollar volatility hits high

The Japanese Yen skyrocketed during the last days after the short downfall. It reached 108.51 against the dollar, trading by 0.8% higher last. It seems, yen regained its safe-haven status after the coronavirus spread in Europe and South Korea, and now in the U.S. too. Marc-André Fongern, head of FX research at Fongern Global Forex, …

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stock, Coronavirus in Europe; Currencies Fell Due to the Risk-off

Coronavirus in Europe; Currencies Fell Due to the Risk-off

The stock markets suffered severely during the last days. Chinese authorities released new data about coronavirus. Furthermore, South Korea, Iran, and Italy have also reported new cases. The numbers are concerning, and so far, the World Health Organization can’t pinpoint how the virus is spreading so quickly in the countries, which have no apparent links. …

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Norwegian Air and cryptocurrencies

Europe’s Third Largest Low-Cost Carrier and Cryptocurrencies

Cryptocurrencies step-by-step are becoming more popular around the world. They offer a number of advantages compared with fiat currencies. Thanks to decentralized nature, crypto owners do not have to deal with the same problems as in the case of fiat currencies. The aviation industry slowly but steadily is embracing cryptocurrencies. Europe’s third-largest low-cost carrier Norwegian …

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