Euro zone economic sentiment improved more than expected in September, data showed on Tuesday, mainly thanks to a rise in optimism in the services sector despite concerns about a second wave of the COVID-19 pandemic. The European Commission's monthly survey showed sentiment in the 19 countries sharing the euro rising to 91.1 points this month [...]
A much anticipated first-ever plan to regulate cryptocurrency in Europe was unveiled on Thursday by the European Commission. The executive branch of the European Union (EU), the agency responsible for managing the day-to-day business of the 27-nation bloc, proposed legislation crafted to reduce risks for investors, while also giving legal certainty to companies issuing them. [...]
While EUR/USD has risen by over 5% so far this year, the exchange rate is still undervalued according to an analyst at Goldman Sachs. Analysts at Goldman Sachs believe EUR/USD is in a good position to benefit from a continued sell-off in the greenback. The dollar index, which tracks the greenback's value against majors, has [...]
Consumer prices in the 19-nation euro area are falling for the first time in four years, the consumer prices are projected to fall to -0.2% in August, down from 0.4% in July, and turning to negative for the first time in four years, the bloc’s statistic office announced Tuesday. A flash estimate of Euro stat [...]
