Euro

Bulgaria joins euro zone amid excitement and scepticism

Bulgarian banks, businesses and shoppers this week prepared to say goodbye to the lev currency ahead of a move to adopt the euro on January 1, a long-awaited milestone met…

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Bulgaria prepares to adopt the euro

Bulgaria will become the 21st country to adopt the euro, but some believe the move could bring higher prices and add to instability in the European Union's poorest country. A…

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Price Controls Rolled Out as Bulgaria Prepares for Euro Entry

Bulgaria's parliament passed legislation introducing year-long price controls from August 8, a part of its technical transition process before adopting the euro currency in January. The move comes after European…

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Could the euro replace the dollar as global reserve currency? It’s not getting any less likely

By Sergi Basco, Profesor Agregado de Economia, Universitat de Barcelona A global reserve currency is one that is extensively held by foreign Central Banks. Since the 1944 Bretton Woods agreement…

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Criteria to adopt the euro currency as Bulgaria awaits EU decision

The European Commission will decide on June 4 if Bulgaria can enter the euro zone and become the bloc's 21st member from 2026. European Union countries aspiring to adopt the…

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EU to approve Bulgaria’s euro bid

The EU will shortly approve Bulgaria’s bid to adopt the euro as early as Jan. 1, 2026, making it the 21st member of the bloc’s currency union. After years of…

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Three-quarters of Poles oppose adopting euro

Nearly three-quarters of Poles are against replacing the national currency, the zloty, with the euro, according to a new report. The report, compiled by the Warsaw Enterprise Institute (WEI) think…

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Bulgaria to ask for EU assessment on its readiness to adopt euro next year

Bulgaria will ask the European Commission and the European Central Bank for an assessment on whether it meets all criteria to join the eurozone in January next year, its finance…

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Euro hits lowest in 6-1/2 months vs dollar

The euro dropped to its lowest level in 6-1/2 months against the greenback on Monday as investors worried about possible U.S. tariffs that would hurt the euro area's economy. Meanwhile…

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German Bundesbank president warns against extremism, euro exit – FUNKE

FRANKFURT, March 23 (Reuters) - Bundesbank President Joachim Nagel said right-wing extremists threaten Germany's prosperity, and an exit from the euro would be "an economic catastrophe for all of us",…

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Euro is back on the scene for global central banks

Reserve managers plan to add euros short- and long-term -OMFIF Positive rates boosting euro appeal Euro also benefits from de-dollarisation By Dhara Ranasinghe and Alun John LONDON, March 6anks to…

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EU adopts euro instant payments rules to take on Visa, Mastercard

BRUSSELS, Feb 26 (Reuters) - The European Union Council on Monday adopted rules to make instant payments in the euro currency fully available round-the-clock in a move it expected to…

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Euro bounces as investors cling to sliver of positive euro zone data

By Amanda Cooper LONDON, Nov 23 (Reuters) - The euro rose on Thursday for the first time this week, after data suggested the downturn in the euro zone economy may…

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ECB’s Lagarde warns against premature inflation celebration

The European Central Bank has time now to assess how inflation unfolds after a record string of rate hikes but victory has not yet been won and bets based on short term…

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ECB starts preparation for digital euro in multi-year project

By Francesco Canepa FRANKFURT (Reuters) - The European Central Bank took a further step towards launching a digital version of the euro that would let people in the 20 countries…

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Twenty years after euro “No” vote, Swedes fret over weak crown

Swedish crown has lost 17.5% against euro in 18 months Inflation impact could mean higher interest rates for longer Weakness a mystery given long term robust economy Riksbank sees stronger…

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Euro rises from near 3-month low before ECB; Aussie jumps

By Kevin Buckland TOKYO, Sept 14 (Reuters) - The euro pulled away from near a three-month low to the U.S. dollar on Thursday as attention turned to the European Central…

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ECB to ditch windows and bridges in new euro banknote series

The European Central Bank is ready to revamp the design of its banknotes, ditching their historic “windows and bridges” theme that have populated European citizens’ wallets for the last 21…

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Euro holds ground on world stage despite Russia slashing reliance on currency – ECB

FRANKFURT, June 21 (Reuters) - The euro held its ground as the world's second most used currency for trade, finance and reserve-building even as Russia slashed its reliance on it…

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The e-euro, the EU’s answer to crypto

In a bid to play catch up with technology companies and younger generations of consumers, central banks are finally starting to take digital currencies seriously. Countries such as Sweden, China,…

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Euro rises to 14-year high against Swedish crown

LONDON, May 24 (Reuters) - The euro rose to its highest against the Swedish crown in 14 years on Wednesday. The prospect of higher rates in the European Union than…

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Adoption of euro exacerbated Croatian inflation, central bank says

ZAGREB, Feb 10 (Reuters) - Croatia's introduction of the euro on Jan. 1 has exacerbated its already high inflation rate but the impact is broadly in line with the experiences…

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Euro zone banks tighten credit by most since debt crisis, ECB says

Euro zone banks have tightened access to credit for companies by the most since the 2011 debt crisis and expect to continue doing so as they turn more pessimistic on…

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Photo Story: Bank of Latvia releases ‘For the Freedom of Ukraine’ collectors’ coin

Ukrainian freedom coin on display at the Bank of Latvia in Riga, Latvia, 26 January 2023. Bank of Latvia has issued a silver collectors' coin dedicated to Ukraine's fight for…

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Historic new year for Croatia as it joins euro, Schengen area

BREGANA BORDER CROSSING, Croatia, Jan 1 (Reuters) - Croatia rang in two historic changes with the new year, as the European Union's youngest member joined both the EU's border-free Schengen zone and…

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Cash loses top spot in euro zone as digital payments spread

FRANKFURT (Reuters) - Cash is losing its top spot as the euro zone's dominant means of payment, a European Central Bank survey showed on Tuesday, in a historic shift for…

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Euro sags against sterling after eurozone inflation cools

LONDON, Nov 30 (Reuters) - The euro retreated against the pound on Wednesday after data showed euro zone inflation cooled off by more than expected in November, reinforcing the case for a…

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Euro zone growth will likely be negative in Q4, inflation high, ECB’s De Guindos Says

MADRID, Nov 23 (Reuters) - The euro zone economy will likely show negative growth rates in the fourth quarter while inflation will still remain high before starting to slow down in the…

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ECB must not stop rate hikes before core inflation peak, Villeroy says

FRANKFURT, Nov 7 (Reuters) - The European Central Bank must not stop raising interest rates until underlying inflation has clearly peaked, but it may slow the pace of hikes once rates hit…

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UPDATE – ECB to inflict pain as it hikes rates into next year, Lane says

WEXFORD, Ireland, Sept 17 (Reuters) - The European Central Bank could raise interest rates into next year, causing pain for consumers as it tries to depress demand that is now increasingly adding…

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Euro jumps to 3-week high amid hawkish ECB signals, dollar idles

TOKYO, Sept 12 (Reuters) - The euro jumped to a more than three-week peak versus the dollar on Monday, and sterling rose to the highest this month as European Central…

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Euro hits 20-year low on Russian gas halt

SINGAPORE/TOKYO, Sept 5 (Reuters) - The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia's halt…

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ECB’s Rehn sees several benefits to possible digital euro

HELSINKI, Aug 24 (Reuters) - A possible digital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating cross-border payments and providing a digital…

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Euro zone investor morale edges up, recession still likely – Sentix

BERLIN, Aug 8 (Reuters) - Investor morale in the euro zone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession…

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‘I see you’: Chastain gives thumbs up to Kelly celebration after Wembley winner

(Reuters) - England's Chloe Kelly channelled Brandi Chastain when she took off her shirt after netting the winner against Germany in the Women's Euros final on Sunday, with the celebration…

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England clinch Women’s Euro with 2-1 extra time win over Germany

LONDON :An extra time strike from forward Chloe Kelly gave England a 2-1 win over Germany in the Women's European Championship final on Sunday to claim their first ever major…

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American tourists splurge in Paris boutiques as euro slides

American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached…

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‘Amazing journey’: EU accepts Croatia as 20th euro zone member

European Union finance ministers on Tuesday formally approved Croatia becoming the 20th member of the euro common currency at the start of 2023, a move hailed as the culmination of…

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Euro falls to lowest since 2002 on concerns over energy prices

July 6 (Reuters) - The euro tumbled to a new two-decade low on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc's economy, while…

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For sale: Frankfurt’s iconic euro sculpture

FRANKFURT – The most widely used symbol for stories on the European Central Bank is now up for sale: The big blue euro sculpture outside the central bank's former headquarters…

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Factbox-Six EU countries not ready to adopt euro currency -Commission

BRUSSELS (Reuters) - Six of the seven EU countries outside the euro zone are still not ready to join, the European Commission said in a report on Wednesday, with only…

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Euro rises to month-high versus dollar, yen recovers

LONDON, March 30 (Reuters) - The dollar fell to its lowest in almost two weeks on Wednesday and the euro gained, with currency traders optimistic about peace talks in Ukraine, even amid…

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Euro jumps after Ukraine offers neutral status, yen rebounds

The euro jumped on Tuesday after some progress was reported in peace talks between Russia and Ukraine. Russia promised at the talks in Istanbul to drastically scale down its military operations around Kyiv and the…

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Dollar hits 5-year peak on yen, euro hounded by growth risks

HONG KONG, March 11 (Reuters) - The dollar hit a new five-year top on the yen on Friday after a strong U.S. inflation report, while the euro struggled to hold its own…

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UPDATED: Ukraine war sends euro below $1.10 for first time in two years

LONDON, March 4 (Reuters) - The euro fell on Friday below $1.10 for the first time in almost two years and hit a fresh seven-year low versus the Swiss franc as the…

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Euro tests support as Ukraine crisis threatens economic growth

SINGAPORE, March 2 (Reuters) - The euro was under pressure on Wednesday as intensifying Russian bombardment of Ukraine's cities and surging oil prices raised investors' concerns about a hit to Europe's economy…

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Euro dips after U.S. jobs data aids dollar rebound

LONDON, Feb 7 (Reuters) - The euro dipped on Monday after a surge last week that followed the hawkish turn from the European Central Bank, as traders turned to the…

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Euro set for best week since COVID-19 hit after ECB’s hawkish turn

HONG KONG, Feb 4 (Reuters) - The euro was heading for its best week since March 2020 and was testing a near three-month high after Thursday's hawkish shift from the…

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Euro strengthens as improved risk sentiment hits dollar

LONDON, Feb 2 (Reuters) - The euro rose for a third consecutive day on Wednesday, after hitting a 20-month low last week, as markets awaited euro zone inflation data for…

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Hungary’s opposition says, if it wins elections, will work for the adoption of the euro

BUDAPEST (Reuters) - Hungary's opposition alliance, if it wins elections on April 3, will put the economy on track for the adoption of the euro within five years, the opposition's…

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Europe marks 20th anniversary of the Introduction of the Euro single currency

The new year's 01 January 2022 marks the 20th anniversary of the introduction of Europe's first ever single currency. A dozen European countries with Austria, Belgium, Finland, France, Germany, Greece,…

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Next Czech government will not adopt euro, main coalition party says

The next Czech government will not adopt the euro, the man tipped to be the finance minister in the new centre-right coalition said on Tuesday. Although the five parties forming coalition are generally in favour of the eventual adoption of the euro, it has not been…

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