The euro languished near a 22-month low on Thursday, weighed down by ailing growth in Germany and the spectre of political uncertainty in Spain. A surprise drop in German business morale has highlighted the divergence between economic data in the United States and the eurozone.
The euro fell to a two-month low on Wednesday, the dollar edged up to $1.1671 per euro, its highest since July 27.
Equity markets climbed on Thursday as more businesses returned to work and as a 750-billion-euro stimulus plan in Europe lifted regional stock indices and the euro, but gold rebounded on deteriorating US-China relations.
Risk sentiment was also undermined after Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire.
The euro retreated from near two-month highs and equity markets wavered on Wednesday even as the EU unveiled a 750b euro ($823 billion) recovery fund that helped offset concerns about unrest in Hong Kong over Beijing’s proposed security laws.
Wembley is set to host a large number of fans despite the coronavirus protocol being followed strictly. Since the outbreak of the pandemic, most of the sporting events were being held behind closed doors sans fans.
The Spanish government has cut this year’s net borrowing target by 20 billion euros ($23.6 billion) to 80 billion euros ($83.6 billion), Economy Minister Nadia Calvino said on Thursday,
The European Central Bank on Wednesday formally launched a pilot project to create a “digital euro”, in response to the growing popularity of electronic payments and the rise of cryptocurrencies. “Our work aims to ensure that in the digital
The euro bobbed around $1.18 but the pound was at two-week low of $1.3125 and the yuan back-pedalled too after US President Donald Trump warned about "decoupling" the US and Chinese economies.
The euro inched higher on Friday with the dollar weighed down by concerns over the strength of a US economic recovery following weaker-than-expected jobs data, while China's yuan surged to a seven-month high as traders bet on Chinese growth.