Tag: Euro
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Euro opens higher despite France election fracas
The Euro has opened 0.27% higher despite French President Emmanuel Macron losing the parliamentary elections. It is now at $1.074 having closed on Friday at $1.071. Mark CamilleriWebsite Editor Historian and Publisher
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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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Saudi Arabia is not “dedollarising”
Do you people who believe in the idea of “dedollarisation” really care to address the incongruence of your theories when even the purveyors of anti-US hegemony seek out the US Dollar to build their empires? Mohammed Bin Salman is telling you directly and explicitly that he wants to be the new West – that’s up…
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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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Germany keeps lying while dragging Europe into the gutter
Germany is dragging Europe into the gutter with lies and stubborn ignorance during these testing times. The Euro went below Dollar parity last week and the European Central Bank has very few tools available to address the situation. The Euro’s pain is mainly coming from inflation and structural economic issues, namely the European energy crisis.…