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Euro Strengthens Amid Global Market Turmoil: Safe Haven Status Reclaimed

The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB's September rate decision remains a key factor in determining the single currency's trend. The euro has recently surged amid global market turmoil, being viewed as a safe haven currency. The exchange rate…

ByPexecoAugust 7, 20240Comments

Finance News

Germany’s business climate worsens in July: European stocks plunge

Germany's business sentiment worsened more than expected in July, marking the second consecutive monthly decline, bolstering fears that the Eurozone's largest economy is once again under pressure. Sentiment among German companies worsened more than anticipated in July, marking the second consecutive monthly decline, the ifo Institute reported on Thursday. DAX Chart Daily Time Frame The monthly…

ByPexecoJuly 26, 20240Comments

Finance News

ECB’s Lagarde foresees a bumpy road to 2% inflation

ECB President Christine Lagarde highlighted the complex journey towards the 2% inflation target at the ECB Forum on Central Banking in Sintra. Christine Lagarde, President of the European Central Bank (ECB), highlighted the complex journey towards achieving the ECB's 2% inflation target during her address at the ECB Forum on Central Banking in Sintra on…

ByPexecoJuly 14, 20240Comments

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Euro Strengthens Amid Global Market Turmoil: Safe Haven Status Reclaimed

ECB’s Lagarde foresees a bumpy road to 2% inflation