The European Central Bank cut interest rates as expected on Thursday and kept the door ajar to more, even as a looming trade war with the U.S. and plans to boost military spending drive Europe's biggest economic policy upheaval in decades.
Euro zone retail sales unexpectedly dipped in January, adding to signs that a long-predicted consumption-led recovery is not yet on the horizon, fresh data from Eurostat showed on Thursday.
The euro is surging after a decision by the European Central Bank to cut interest rates. The reasoning is the language. "Monetary policy is becoming meaningfully less restrictive, as the interest rate
Some global strategists are recommending going long the euro against greenback, citing an improved outlook for the common currency and the region amid efforts to boost spending.
Unchanged at $1.04 The euro has traded in a wide range over the past month. Starting with a slump at the end of January as another European Central
LONDON/BERLIN (Reuters) - The conservatives and the Social Democrats agreed to seek a loosening of Germany's debt brake to allow higher defence spending, as well as proposing to create a 500 billion euro ($529 billion) infrastructure fund, their leaders said on Tuesday.
The euro extended its gains after the European Central Bank cut interest rates as expected on Thursday (Mar 6) and kept the door ajar to more, even as a looming trade war with the US and plans to boost military spending drive Europe’s biggest economic policy upheaval in decades.