The bloc’s single currency was as high as €1.1876 against the greenback almost a year ago on July 9, 2021, according to the latest statistics from Bloomberg. But fast-forward 12 months and the under-pressure euro has plunged to as low as €1.0186 and in danger of dipping below €1 which would prove to be an […]
Meanwhile former Brexit Party MEP Rupert Lowe, a staunch critic of the monetary union, suggested it was doomed to “end in tears”. The latest surge in European gas prices added to the region’s recession worries, with the single currency, used by the 19 EU states which are members of the Eurozone, falling by 1.2 percent […]
The writer is head of emerging markets economics at Citi Developing countries live their economic lives at the mercy of the US Federal Reserve. This may sound blunt, but that makes it no less true. When US monetary conditions are loose, capital is pushed towards emerging economies, making it easier for these countries to fund […]
ORANGE BEACH, Ala. (WALA) – A family visiting Orange Beach found themselves faced with a scary situation Tuesday night, June 21, 2022. A small child found a folded dollar bill on the ground in a crowded public parking lot. Inside it, Orange Beach Police found the deadly drug, fentanyl. “My son-in-law was fixing to put […]
Those travelling abroad will get less for their money as the UK’s currency took a further dive this week. Sterling sank to its lowest level since the start of the pandemic on Tuesday, dropping below $1.20 before partly recovering on Wednesday. The pound is also hovering near a thirteen-month low against the euro. With the […]
At this point, almost everyone with a smartphone is aware of QR codes, and you’ve probably even scanned some with your phone’s camera. But it’s not very likely that you have ever “created” your own QR code. Well, with The 2 Million Dollar Puzzle, Starting at $30 One puzzle costs $30, but you can save […]
Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021, as incomes grew faster than debt. The agency says, on a seasonally adjusted basis, household credit market debt as a proportion of household disposable income fell to […]
The yen plunged to a 24-year low of ¥135.19 against the dollar on Monday, with the currency’s slide drawing increasing scrutiny from Japanese authorities wary of its rapid weakening. Following a week of setting fresh 20-year lows, the yen continued its descent as traders bet that the Bank of Japan will remain the only major […]
The rise of the dollar to its highest level since 2002 has led to billions in losses for US companies from detergent makers to dating apps this year. As earnings growth begins to slow, for some companies the extra currency impact will mean the difference between expanding and shrinking for the rest of the year. […]
The yen teetered on the edge of a historic support barrier on Thursday after trading in New York sent the Japanese currency to a 20-year low against the dollar and revived speculation that its fall could deepen. By noon, the yen stood at ¥134.45 against the dollar, bringing it closer to the ¥135.15 level it […]