Tag: Euro
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The Euro shines as EU Commission President goes to India for “Mother of all trade deals”
The Euro is getting lots of love this year having risen by 0.94% in value against the US Dollar since the start of the year, however from one year to date, the Euro has also risen by up to 13% against the US Dollar. The Euro currently stands at $1.185 and the Dollar Index at…
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BREAKING: Euro-area inflation goes down to 1.9%: Euro makes a 0.69% move up against the US Dollar
According to the latest released Eurostat figures earlier today, Euro area inflation has gone down to 1.9% in December last year, keeping up with its downward trend and the ECB’s targets. Inflation ion Malta also came lower striking a downward reading despite a year of persistent inflationary price rises mainly due to food prices. The…
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Digital Euro on track to the European Parliament after Danish Presidency concludes draft text
The legislation for the digital Euro is set to go to the European Parliament after a first tentative text was concluded at the European Council negotiations led by the Danish Presidency. The initial stages of the discussions of the European Council involved diplomats from member-states so member-states have already agreed on a tentative draft text…
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GDP and Employment increase by 0.1% in the Euro area in the second quarter of this year: Malta at 0.6%
GDP in the Euro area increased by 0.1% and 0.2% in the EU comparted to the previous quarter according to the latest EuroStat figures. In the first quarter of 2025, GDP had increased by 0.6% in the Euro area and 0.5% in the EU. The primary drivers of GDP growth were household expenditure followed by…
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EuroStat releases flash inflation estimate of 2.1%: unemployment at 6.2% in the Euro area
EuroStat has released a flash inflation estimate of 2.1% for the month of August according to the Harmonised Index of Consumer Prices (HICP), inching higher than the previous inflation rate of 2% in July. Inflation rose mainly due to food alcohol and tobacco followed by services and non-energy industrial goods while energy prices went down.…
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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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European Central Bank lowers lending rate to 2.4%: Lagarde says both core and headline inflation are going down
Updated: During the press questions, the ECB President also announced that the EU’s crypto-legislation MICA is under review for improvement especially in regard to stable-coins. She also said that the EU needs to be prepared before the roll0out of the digital Euro. The European Central Bank has said that core and headline inflation are going…
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Inflation in the Euro area is going down: ECB interest rate decision later today
The European Central Bank is currently discussing the interest rate on the backdrop of dropping inflation in the Euro area. The inflation rate increase in percentage terms in the Euro area was at an average of 2.2% and 2.5% in the European Union in March. Malta registered an inflation increase of just 2.1% in March…
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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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Euro falls to $1.036 post-Fed rate cut: Global use of the US Dollar is increasing
The Euro fell more than 1.2% in value against the US Dollar following the announcement by the Federal Reserve of its latest rate cut. The Euro’s price against the US Dollar right now brings back memories of September 2022 when gas prices were hitting record highs and the Euro fell even below US Dollar parity.…
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Euro climbs the $1.08 mark
The Euro is currently above the $1.08 mark currently at $1.0811. It is as much as 0.9% higher than it’s Friday’s closing price before the French election fracass on Sunday. Despite the relative far-right victory of the far-right at the French polls, there is no fear in European markets in Europe especially with regards to…
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No fear in Europe over France election fracas
The Euro has held strong in this morning’s European session and so did the French stock market (CAC40) with both doing some gains which are now being shaved off after the American open. Both the Euro and the CAC40 are still above their Friday closing levels. The Euro is at 0.23% higher than Friday’s close…