Tag: euro
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Dollar hits fresh 40-year high versus yen, edges down against euro
July 23 : The dollar edged lower against the euro ahead of the European Central Bank’s policy meeting on Thursday and reached a fresh 40-year high versus the yen, as investors remained focused on the escalating conflict in the Middle East.Oil prices rose for a fifth day on Thursday amid attacks on tankers in
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ECB picks 36 payment firms for digital euro pilot
FRANKFURT, July 14 : The European Central Bank has picked 36 payment service providers, including some of the euro zone’s biggest financial firms, to join the pilot programme for its digital euro project, it said on Tuesday. The ECB has been working on the digital euro for years, partly to wean the bloc off U
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Explainer-Europe’s digital euro: What it is and how it would work
MILAN, July 13 : Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the European Cen
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EU lawmakers pave way for ‘digital euro’ negotiations
The digital euro has been touted as the EU’s best chance at breaking its dependence on US payment systems like Visa and Mastercard, as well as Apple Pay and Google Pay.
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Digital euro: The plan to Trump-proof the EU’s economies
The EU’s central bank is preparing a digital euro to cut dependence on Visa, Mastercard and Apple Pay. Success hinges on giving consumers an easy-to-use payment system without prompting a flight from bank savings.
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ECB secures key parliamentary backing for digital euro
FRANKFURT, June 23 : The European Central Bank secured key parliamentary backing on Tuesday for the launch of a digital euro, an electronic means of payments aimed at making the euro zone less reliant on U.S. credit cards at a time of fraying transatlantic relationships.The digital euro, essentially an electr
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Euro eases after ECB hike; dollar steadies near two-month high on Iran tensions
NEW YORK, June 11 : The euro edged lower on Thursday after the European Central Bank delivered a widely expected interest rate hike, while the dollar hovered near a two-month high as President Donald Trump pledged further U.S. attacks on Iran.The ECB raised interest rates for the first time in nearly three ye
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