The EUR/USD exchange rate has been volatile in recent weeks, with the pair fluctuating between 1.06 and 1.21. The latest data on Eurozone inflation indicate that annual inflation has dropped to 8.6% in the euro area and down to 10.0% in the EU. The decline is due to a fall in energy prices, which has […]
With the European Central Bank (ECB) resuming operations yesterday, the euro (EUR) extended its gains against the British pound (GBP) from yesterday. One of the more outspoken officials, Isabel Schnabel, bolstered the hawkish narrative, while the ECB’s Villeroy stated that future interest rate increases are required for his remarks today. Money markets are currently pricing […]
After falling the previous night on lower-than-expected inflation statistics, the dollar (USD) was trading around its worst levels in months against the euro (EUR) and the pound (GBP) on Wednesday. This reinforced speculation that the US Fed will announce a slower rate hike path. The US apex bank is largely expected to raise interest rates […]
Governor of Banque de France, François Villeroy de Galhau, spoke about cryptocurrency regulation at a conference on digital finance in Paris on September 27. The French central bank boss noted: “We should be extremely mindful to avoid adopting diverging or contradictory regulations or regulating too late. To do so would be to create an uneven […]
Chairman of the US Federal Reserve Jerome Powell discussed the regulation of the decentralized finance (DeFi) space at a panel discussion on digital finance hosted by the Banque of France on Tuesday. Powell explained: “the monetary policy normalization that we’re seeing all over the world,” adding, “All it did was simply reveal what we’ve long […]
As talks about digital euro progress, the European Central Bank (ECB) has selected five firms to develop user interface prototypes for the CBDC. The ECB plans to gauge how a technology hosting the digital euro would function with user interfaces developed by third parties. The financial institution noted: “The aim of this prototyping exercise is […]
As the markets continue to show notable volatility, economists expect the European Central Bank (ECB) to implement an aggressive 75 basis point rate hike on September 8. This is according to a poll by Reuters, as the financial institution races to get inflation under control. If the ECB does raise its rates by 75 basis […]
The euro (EUR) reclaimed its footing above parity against the dollar (USD) on Tuesday as traders turned their focus to Germany’s inflation data, which should give indications of the likelihood of an aggressive interest rate hike decision by the European Central Bank (ECB). At press time, the EUR/USD pair trades up by 0.32% today, after […]
With a central bank-issued euro becoming a medium-term possibility, analysts have said Ripple (XRP) could be dramatically affected. Olli Rehn, a policymaker at the European Central Bank (ECB), explained in a speech today that the ongoing feasibility study for a digital euro will be concluded in October 2023. Rehn added that following this investigation phase, […]
