Tag: Currency
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The Euro remains the second most important global currency
The level of international use of the Euro has remained unchanged in 2024 compared to the previous year, retaining its position as the second most important currency after the US Dollar following a latest ECB report. On the other hand, international loans issued in Euro terms have increased by 40% and by up to $900…
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The Euro becomes a safe-haven for the US Dollar
In an incredible twist of events, the US Dollar is declining in value against the Euro after President Trump launched a sweeping trade war against everyone. The EU has not retaliated against the US tariffs but French President Emmanuel Macron appealed to French businesses to halt their investments in the US. It is often the…
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What national interest is Viktor Orban defending, actually? Hungary is the second poorest country in the EU
Polish Prime Minister Donald Tusk has recently said that the EU is suffering from “Viktor Orban fatigue”. EU leaders are tired of having to strong-arm Hungary into accepting its united positions on foreign policy, especially on Ukraine and Russia. Hungary has taken an altogether different position from the EU on Russia and Ukraine, and apart…
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The Ukrainian Hryvnia is not doing well, but it’s persevering better than the Ruble
As one would have expected the Ukrainian national currency, the Hryvnia has lost its value against major currencies with the Russian invasion, but by now things have also unfolded in many ways the Russians didn’t expect. Both the Ukrainian Hryvnia and the Russian Ruble are down around 22% against the US Dollar and the Euro…
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The Russian Ruble is crashing
As Russians and their supporters on Twitter and Telegram cheer the riots in France – apparently some sort of consolation for them after Europe didn’t freeze and Russia lost more than 230,000 of its men in Ukraine – things are getting really bad for Russians at home. As expected, the Russian Ruble is crashing to…
