Euro to dollar

On Monday, the euro exchange rate with the dollar was at $1.009, down about 15% in the last 12 months. The latest catalyst was fear that the eurozone would ...

Eventually, it rallied and hit a peak of roughly $1.58 in March 2008. Russia had already slashed gas shipments through the pipeline by 60%, which has left Europe bracing for a permanent shutdown. On Monday, the euro exchange rate was down 0.9% to $1.009. And over the last 12 months, the euro has fallen 15% against the dollar.

That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as a ...

Mark Zandi, chief economist at Moody’s Analytics calculates that a 10% rise in the dollar over the past year, against the currencies of its trading partners, reduced inflation by about 0.4 percentage point. Indeed, a growing trade gap subtracted 3.2 percentage points from U.S. economic growth in the January-March period. In the meantime, the dollar’s rise is complicating an already uncertain outlook for the United States, the world’s biggest economy. Analysts at UniCredit said global recession fears were a prime driver in foreign exchange markets “amid the general view that the Fed might ultimately have more opportunity than many other central banks’’ to raise rates. And a sturdier currency takes a toll on U.S. companies that do business overseas. A European slowdown could eventually give the European Central Bank less leeway to raise rates and moderate economic growth to address its own inflation problem. Europe is facing a seismic shift, and (the) euro needs to fall to reflect that.’’ (European leaders have denounced Moscow's move as an effort to blackmail Europe for backing Ukraine and embracing Western sanctions in the aftermath of Russia's invasion.) The dollar is climbing mainly because the Federal Reserve is raising interest rates more aggressively than central banks in other countries are in its effort to cool the hottest U.S. inflation in four decades. The war in Ukraine has magnified oil and gas prices and punished European consumers and businesses. If U.S. exports were to weaken as a result, so, too, would the already-slowing U.S. economy. A strengthened dollar also delivers bargains to American tourists sightseeing in Europe, from Amsterdam to Athens.

The exchange rate between the U.S. dollar and the euro is about equal for the first time in 20 years amid concerns of a slowdown in the European Union.

Fed policymakers already approved a 75 basis point hike in June and are expected to do so again at the end of July as they race to cool consumer demand. It can also be the case that nothing comes." The parity between the two currencies comes as Russia shut off a key pipeline – Nord Stream 1 – carrying gas to Germany for annual maintenance. The euro traded at around $1.007 on Monday afternoon in the U.S, down roughly 15% from the start of the year. For the first time in nearly two decades, the exchange rate between the euro and the U.S dollar is about equal. While the routine work that includes "testing of mechanical elements and automation systems" is scheduled to end on July 21, German officials fear the suspension of Russian gas could last longer than anticipated because of the war in Ukraine.

The world's two most traded currencies are less than one penny away from reaching parity for the first time since 2002. On Monday, the euro exchange rate ...

On Monday, the euro exchange rate was down 0.9% to $1.009. And over the last 12 months, the euro has fallen 15% against the dollar. Compared to the European Central Bank, the Federal Reserve has been hiking interest rates at an aggressive pace, pushing yields on US Treasury Bonds higher than those on European bonds and sending investors flocking to the dollar. September ECB should make a move..

Americans who have been dreaming about a vacation in Europe have a perfect combination of price and opportunity this summer -- one based on a slumping euro ...

If you’re thinking about hopping across the pond this year, make sure you research where the euro is accepted and where it is not. The euro has declined amid fears of a recession in many EU countries, as well as uncertainty over the continent’s oil and gas supply ever since Russia invaded Ukraine. Americans who have been dreaming about a vacation in Europe have a perfect combination of price and opportunity this summer — one based on a slumping euro vs.

The US Federal Reserve is well ahead of Europe on tightening, having hiked interest rates by 75 basis points while indicating that more rate increases will come ...

The dollar strengthened against all major currencies at the start of the new week, with EUR/USD falling to 1.01 and USD/JPY remaining over 137. Read more...

Bullish momentum on the daily chart has resumed, with the 14-day RSI soaring to 65, its highest level since late June. The psychological level of 138 now represents the next hurdle, followed by 138.5 (early September 1998 levels). The Swiss currency ignored higher-than-expected Swiss inflation figures for June (3.4% vs. British pound ( GBP) trading news: After a short relief rally last week following the resignation of Prime Minister Boris Johnson, the pound's weakness has resurfaced. The US dollar index ( DXY) rose to 107.7, its highest level in nearly 20 years. The two-year yield spread between the United States and Germany has therefore reached 2.6%, the largest level since the beginning of the year, as the market anticipates the Federal Reserve to remain more hawkish than the European Central Bank. 265k consensus), the unemployment rate stayed at historically low levels of 3.6%, and wages continued to climb at a solid clip.

Europe's common currency edged closer toward parity with the US dollar Monday as energy concerns and the risk of recession weighed on the outlook for the ...

The Bloomberg Dollar Spot Index jumped as much as 1.1%. The last time it was this low was back in 2002. The euro dropped as much as 1.3% to $1.0053, eclipsing its low from last week.

The U.S. currency has gained on expectations that the Fed will continue to aggressively raise rates as it tackles soaring inflation. “The Fed is going to raise ...

NZ Dollar/Dollar Dollar/Norway The Australian dollar was the worst performer on the day, falling to a two-year low on global growth fears. Sterling/Dollar Euro/Dollar Dollar/Swiss Consumer price data due on Wednesday is this week’s major U.S. economic focus. Multiple Chinese cities have adopted fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections, which could create new supply disruptions. Dollar/Yen Fed funds futures traders are pricing for its benchmark rates to rise to 3.50% by March, from 1.58% now. The Fed is expected to lift rates by 75 basis points at its July 26-27 meeting. Governments, markets and companies are worried the shutdown might be extended because of the war in Ukraine. read more

The Fed has made a total of 150 basis points of rate hike since March to tame record-high inflation, pushing the dollar index higher. The European Central Bank ...

The European Central Bank (ECB), on the other hand, has not yet made a change in interest rates. The ECB is expected to make a rate hike of 25 basis points on July 21, while the Fed is anticipated to bump the rates aggressively by another 75 basis points on July 27. The Fed has made a total of 150 basis points of rate hike since March to tame record-high inflation, pushing the dollar index higher.

The euro fell as low as $1.0054, while the pound dropped back below $1.19. Sterling and the euro have been hit by the darkening economic outlook.

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Euro slides to a 20-year low of $1.0004 on fears an energy crisis will tip Europe into recession, as Nord Stream 1 gas pipeline shuts down for maintenance.

Russia turned off the single biggest pipeline carrying gas to Germany on Monday for annual maintenance. This could cause a recession in Europe. The final vote (amongst all Conservative Party members) is expected on September 5. Successive voting rounds amongst Conservative MPs are expected to cut the list down to the final two candidates before parliament goes into summer recess (next Thursday). Key data on US inflation and China’s GDP take centre stage this week as the markets remain jittery amid Europe’s energy crisis and China covid lockdowns. Russia turned off the single biggest pipeline carrying gas to Germany on Monday for annual maintenance. Here’s the full story: This could cause a recession in Europe. All eyes are on the euro this morning, as the single currency falls to the brink of parity with the US dollar for the first time in two decades. That work is expected to last for 10 days, but governments, markets and companies are worried the Nord Stream 1 shutdown might be extended because of the war in Ukraine. All eyes are on the euro this morning, as the single currency falls to the brink of parity with the US dollar for the first time in two decades. That work is expected to last for 10 days, but governments, markets and companies are worried the Nord Stream 1 shutdown might be extended because of the war in Ukraine.

Before it was shut down, Russia reduced its gas supplies to the EU by way of the pipeline by around 60%. “The most proximate concern for markets ...

Currently, inflation in Europe has reached 8.6 percent. While Russia claims that it was shut down for annual repairs, the EU fears that the pipeline, which is essential in bringing fuel to Europe, may be closed forever. The Nord Stream pipeline, which links Russia to Germany, was shut down on Monday for ten days.

The euro sank to within a whisker of parity with the dollar today and stock markets fell as the prospect of further central bank tightening and worries ...

Investors are concerned the shutdown might be extended because of the war in Ukraine, restricting European gas supply further and tipping the struggling euro zone economy into recession. Mizuho analysts said the move towards parity was happening as "recession in the euro zone is priced in", and said the backdrop suggested little to improve risk sentiment. In equity markets, the Euro dropped 0.7%, while German's DAX was off 0.8% and Britain's FTSE 100 by 0.44%. The dollar index gained 0.3% to 108.48, while sterling hit another two-year low and the yen was not far off its weakest in more than two decades. By 0725 GMT, the euro was down 0.3% at a low of $1.0004, its weakest in more than 20 years. The euro has been particularly vulnerable given the impact of an ongoing spike in natural gas prices on the regional economy and the war in neighbouring Ukraine, and with the European Central Bank behind rivals in raising interest rates.

The euro fell on Tuesday almost to parity with the dollar, a threshold not crossed for two decades, weighed down by the likelihood of recession triggered by ...

"There doesn't seem to be a lot of support for euro at this point. The global economy fears are undermining commodity prices and in turn commodity-focused currencies. But governments and markets are worried Russia might extend the shutdown, exacerbating the energy crunch and tipping the economy into recession. The biggest pipeline carrying Russian gas to Germany, the Nord Stream 1, began annual maintenance on Monday, with flows expected to stop for 10 days. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Today, 1 EUR equals 1 USD. The shift means European companies and consumers will pay more for the goods and services they import, while European exports become ...

The European Central Bank has already hiked interest rates in a bid to tame inflation and plans to continue doing so as the situation further deteriorates. The invasion has upended energy markets and sent gas bills soaring to all-time highs. All eyes will be on the euro to see if it ends up falling below the American dollar. Supplies from the Nord Stream 1 pipeline stopped earlier this week for a planned 10-day maintenance. Since then, the euro enjoyed a steady rise, reaching almost $1.60 in the summer of 2008, when the Great Recession was wreaking financial havoc across the US. The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine.

Fears of a recession have grown in recent weeks due to rising uncertainty over the bloc's energy supply, with Russia threatening to further reduce gas flows ...

Russia temporarily suspended gas deliveries via the Nord Stream 1 pipeline on Monday for annual summer maintenance works. "The ECB is in a very, very difficult position. - Russia temporarily suspended gas deliveries via the Nord Stream 1 pipeline on Monday for annual summer maintenance works.

Europe's single currency battered by fears over gas supply from Russia and US interest rate rises.

The race to replace Boris Johnson as prime minister is heating up, with many candidates promising tax cuts. “Time for an emergency inter-meeting hike to show they are serious – the market just doesn’t believe in the ECB any more. This is further stoking recession fears in the bloc and the currency just cannot catch a bid.”

The U.S. dollar is on par with the euro, but is that a good or bad sign for Americans, travelers and the global economy?

"Like, in Europe, or in the UK, Australia, even Canada, you have to pay for more U.S. goods coming in. "With a stronger dollar that's helping offset the cost of airfare and hotel room rates about 10- to 20% cheaper." "But there's been a weakening and the euro is now more vulnerable due to the Russian invasion in Ukraine and that's leading to higher oil prices, natural gas, and agricultural prices." The weakening euro has been getting closer to parity with the U.S. dollar since mid-2021. It adds more to the global inflationary problems." Why? If the dollar becomes too strong, it could harm business for American companies because their goods may become more expensive for foreign buyers.

For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity -- meaning the two currencies are worth the same.

Germany recorded its first trade deficit in goods since 1991 last week as fuel prices and general supply chain chaos significantly increased the price of imports. before the war, is attempting to reduce its dependence on Russian oil and gas. on Tuesday, down about 12% since the start of the year.