The euro is taking off.
Near 7:15 a.m. ET, the...
Over the last few months, Greece and Russia...
Euros are running so low in Greece that shops...
The drachma is back.
Unofficially.
On...
Opening up Pandora's Box.
From Credit Suisse's Neville Hill:
Good morning! Here's what you need to know.
No more cash.
Down about 0.7% against the US dollar.
Switching back to the drachma would be chaotic...
Such a precarious economy.
The euro has come all the way back...
Greek banks on enforced leave.
Merkel has kept an open mind when it comes to negotiations with the financially troubled country.
Awkward divisions between European countries...
The euro is surging.
On Tuesday morning, the...
The ECB plans to step up its QE purchases.
The dollar tanked after the retail sales report...
"Encouraging" signs.
The currency is still down this year overall.
One of hedge fund billionaire Ray Dalio's...
Investors seem to think the euro is going even lower.
The plunge in the euro may not have stopped yet.
Greece will run out of money by April 20 unless...
Draghi confirmed that QE would go on until at least September 2016, but it hasn't weakened the euro.
It's reversing some of the rapid decline seen in recent months.
The Fed's meeting stalled the euro's decline and sent the dollar soaring.
The dollar fell sharply after the closing bell.
Businesses did not plan for such a massive surge in the dollar's value.
The dollar is rallying faster than ever before...
Parity is coming.
The euro fell to a fresh 12-year low early...
The euro is up 0.44% this morning, as of 09:07...
A weaker euro gives Europe's export-heavy economy a massive kick up the backside.
One of the reasons why the European Central...
The massive gap between the ECB and the Fed is only going to widen.
The euro tumbled to as low as $1.0714 earlier.
The euro is hitting fresh 11-year lows all the time. Can it reach 1:1 with the US currency?
A Fed rate hike will give Europe's exporters something to cheer about.
Easing details announced.
Negotiations on Iran's disputed nuclear program...
Seven years of crisis.
Amid Greece's approval from the European...
Since the Swiss central bank lifted the franc's...
In an interview in WirtschaftsWoche, European...
Goodbye euro, hello drachma.
Greek banks are losing around 2 billion euros...
Coming together now.
Euroboom 2015.
The euro is getting pounded, falling more than...
The euro is surging, gaining nearly 1% against...
11 year low.
Freefall.
Markets are still digesting the European...
The euro keeps falling.
On Friday morning, the...
After four years of economic sacrifices, Greece...
Denmark follows Switzerland.
The euro is getting smoked.
Euro is down about 14.5% against the franc.
Switzerland just abandoned its exchange-rate cap with the euro.
The decline of the euro rolls on.
Germany is not planning for a Greek exit...
And fast.
The euro is slumping and it may still have some way to go.
The German government believes that the euro...
Jörg Asmussen is on a mission.
As Russia's currency crisis unfolds, Russians...
The Euro crisis erupted five years ago.
The euro has had a wild ride on Thursday...
Ireland wants to help CNBC's Joe Kernen, and...
European Central Bank president Mario Draghi...
German Chancellor Angela Merkel said on Tuesday...
Listen to this embarrassing encounter with an Irish CEO.
The eurozone faces a real risk of deflation...
Quick heads up. The Euro is getting smoked. It...
The euro's down 8% against the dollar since May.
The euro just fell below $US1.28, extending the...
The Federal Reserve has been priming the market...
A series of surprising and aggressive...
A slew of fresh ugly economic reports out of...
Risk of a "lost decade" remains.
Viewed from one perspective, the euro area is a...
The euro is diving today after Spanish PMI...
Europe continues to turn Japanese.
The annual...
Equity markets are fairly quiet today, but currency markets are showing life. As we mentioned earlier, the Turkish Lira is getting obliterated. Meanwhile, the euro is on a tear, rising to its highest level against the dollar since late 2011.
Bloomberg News is reporting that the European Central Bank may take the deposit rate into negative territory (from its current 0.0% level) if more monetary easing is needed in the eurozone, and the euro is plunging. Right now, the euro is trading around 1.3480 against the dollar versus levels around […]
European Central bank governor Peter Praet told the Wall Street Journal that all options were on the table at the ECB for further monetary easing, and the euro just took a dive. The WSJ’s Brian Blackstone has the story: “If our mandate is at risk we are going to take […]
The euro is trading below $US1.35 this morning, down more than 2% from the high above $US1.38 made last Friday. In October, the euro has become one of the hottest topics on Wall Street, as its persistent strength over the past few month has defied expectations. In the last few […]
The surging Euro — which is at levels not seen since late 2011 — is one of the biggest stories in global financial markets. Analysing the factors driving the Euro has become something of an obsession. Morgan Stanley FX strategist Hans Redeker offered his explanation of why the Euro’s been […]
Earlier, Europe released new stats on unemployment that were weaker than expected and inflation that were lower than expected. This double dose of deflationary signals hit the euro. Here’s a look at the euro falling against the dollar via FinViz.
Comments made by European Central Bank governing council member Ewald Nowotny and reported by MNI have sent the euro on a tear this morning. According to MNI, Nowotny said that while he doesn’t welcome the recent appreciation in the euro, policymakers “have to live with” it, as ECB does not […]
All of a sudden, everybody is talking about the euro. The currency has risen 8% against the U.S. dollar since July 9, when selling induced by Federal Reserve chairman Ben Bernanke’s June 19 press conference — in which he hinted at tapering quantitative easing, causing strength in the dollar — […]
The currency markets can be very complicated, and there are many theories explaining how and why they move. One of the more basic theories is interest rate parity, which argues that fluctuations between two currencies can be explained by interest rate differentials. The idea is that if one country offers […]
Italian prime minister Enrico Letta has won a vote of confidence in the Italian parliament, foiling Silvio Berlusconi’s plan to force a collapse of Letta’s fragile coalition government. At the same time, European Central Bank president Mario Draghi is delivering his monthly press conference following the ECB’s monthly policy meeting. […]
“Farce reigns and risk aversion rises. Yen up, euro down.” That’s from SocGen strategist Kit Juckes and it just about sums it up. The farce of course is what’s going on (again) in the U.S. Congress, and the situation in Italy, where Berlusconi (again) is threatening to screw everything up. […]
Really impressive.
The world is watching Syria closelyas tensions rise in the wake of what appeared to be chemical weapons attacks. Meanwhile in Europe, Germany is in campaign mode with parliamentary elections coming in September. Everyone expects Chancellor Angela Merkel to see a big victory. Morgan Stanley’s Hans Redeker argues that the […]
This week it will be confirmed.
No country in the euro zone was safe from the global financial crisis and the ongoing euro crisis. But some countries have fared better than others. Andrew Sheets, Morgan Stanley’s top European credit strategist, included the chart below in a presentation he gave on Wednesday. It shows the GDP levels […]
The recovery is happening.
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