About: exchange rates
Far from ‘devalued’, euro surges as trade war hits yuan
If evidence is needed of how far ripples from the Sino-US trade war are reaching, have a look at Europe where the yuan’s slump is driving up the euro’s value against trade partners’ currencies, handicapping the export-reliant bloc’s economy. Contrary...
Rising risks to our currency and trading systems
The rising popularity of extremism reflects a popular disenchantment with the policies that have led to economic stagnation, writes William R. Rhodes.
Falling euro cause for celebration and concern
European manufacturers are happy with the falling value of the single currency, which allows them to export their goods more easily. But the mood is tempered by the threat of deflation, particularly harmful to indebted countries, and increasingly a worry for the ECB, which may begin a policy of buying up sovereign debt from 22 January. EURACTIV France reports. VideoPromoted content
Draghi: Rumours are unfounded, I will stay at the ECB
Responding to media speculation over his future, ECB president Mario Draghi said on Monday that rumours about his exit are “unfounded” and come from “interested parties”.
Draghi says stronger euro threatens recovery
A stronger euro exchange rate is a risk to the sustainability of the euro zone recovery, European Central Bank President Mario Draghi said on Monday (14 July), responding to calls from the French government to devalue the currency and ease pressure on exporters.
Yuan to remain stable, China tells EU
Chinese Prime Minister Wen Jiabao last week ruled out an appreciation of the renminbi, reiterating his stance that the national currency will be kept stable on a "reasonable and balanced basis" at an EU-China meeting held ahead of a crucial G20 summit in London this April.Why the euro/dollar exchange rate should be left alone
Tampering with exchange rates to stem the rise of the euro against the dollar would be wrong, according to a March commentary from EuroIntelligence, which argues that leaving the euro/dollar exchange rate alone would be more beneficial to both currencies.
Euro’s record high troubles EU finance chiefs
Finance ministers from the 15 countries using the euro expressed, for the first time, their joint concern regarding their currency's surge to its highest level yet, hinting that the US should be doing more to halt the dollar's downward slide.The case for adapting the policy framework in the euro area
Maintaining a learning mindset and showing willingness to adapt the policy framework of European monetary union is "crucial" to the euro's long-term success, according to a January report from Bruegel.
G7 implores China to allow stronger yuan
China should allow its currency to rise more quickly in order to help Europe and the US restore some of their industrial competitiveness and limit growing trade deficits, said finance ministers from the world's seven leading industrialised nations.
Eurozone worries over exchange rate
With the euro hitting a historic high, finance ministers mounted pressure on China to adjust the yuan's value against the euro, ahead of a meeting of G7 finance ministers next week.