Euro / Dollar: The euro continues to make gains

Euros and dollars Much of the world’s transactions are processed in the two currencies. (Photo: dpa) Frankfurt The euro continued on Thursday’s gains from the previous day. The common currency was trading at $ 1.1264 in the morning, slightly higher than the previous day. The European Central Bank (ECB) had last set the reference rate […]

Euro exchange rate temporarily falls below $ 1.09

Euros and dollars Much of the world’s transactions are processed in the two currencies. (Photo: dpa) Frankfurt The euro exchange rate fell noticeably on Friday. In the late afternoon, the common currency cost around $ 1.09, a good half a cent less than in early trading. At times, the euro had even dropped below the […]

ECB ready for additional bond purchases

European Central Bank (ECB) The ECB bond purchase program, which runs under the name PEPP, could be strengthened from June. (Photo: dpa) Frankfurt The European Central Bank (ECB) is ready to expand its emergency bond purchase program to deal with the corona crisis (PEPP) in June if necessary. This is evident from the minutes of […]

Schäuble probably implements the implementation of the Karlsruhe ECB judgment

Wolfgang Schäuble The President of the Bundestag wants to implement the decision of the Federal Constitutional Court. (Photo: dpa) Berlin Bundestag President Wolfgang Schäuble has made the judgment of the Federal Constitutional Court on the bond purchases of the European Central Bank (ECB) a top priority, according to the “Süddeutscher Zeitung”. The CDU politician had […]

Turkish central bank cuts key interest rate and wants to support the economy

Turkish lira The key interest rate in Turkey was 24 percent less than a year ago. (Photo: Reuters) Istanbul The Turkish central bank is helping the economy suffering from the coronavirus pandemic with a rate cut. The key rate will be lowered by 50 basis points to 8.25 percent, the central bank said on Thursday. […]

Pound is about to crash again

London The Corona crisis has one good thing from the perspective of many Britons: it has pushed Brexit off the agenda. Since the UK left the EU in late January, the issue has become quiet. The future trade relationship with the EU is not yet regulated, and the “no deal” threatens again at the end […]

Euro exchange rate rises to $ 1.10

Euros and dollars Much of the world’s transactions are processed in the two currencies. (Photo: dpa) Frankfurt The euro exchange rate continued to rise on Wednesday. At its peak, the common currency rose to exactly $ 1.10. That is the highest level in about three weeks. The European Central Bank (ECB) set the reference price […]

British inflation has dropped to its lowest level since 2016

Bank of England Annual inflation fell to 0.8 percent in April, as the national statistics office ONS announced on Wednesday. (Photo: Reuters) London In Corona times, cheap energy in the UK lowers inflation since August 2016. Annual inflation fell to 0.8 percent in April, almost halving the 1.5 percent in March, according to the national […]

British central bank chief does not rule out negative key interest rates

Andrew Bailey According to the head of the British Central Bank, negative key interest rates are in principle not excluded. (Photo: Bloomberg) London The British central bank does not take any monetary policy option off the table in the corona crisis. In principle, negative key interest rates are also not excluded, as central bank chief […]

Inflation in the euro zone has dropped to its lowest level since 2016

Eurostat publishes inflation figures For food, alcohol and tobacco, consumers had to dig deeper again. (Photo: dpa) Berlin / Brussels Falling oil prices and the corona crisis push inflation in the euro area well below the target of the European Central Bank (ECB). In April, consumer prices rose by only 0.3 percent within a year, […]