Page 12 - Athanasios Vamvakidis News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy's fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back towards the psychologically key $1 marker. The euro is especially vulnerable to rising oil prices, with net imports accounting for over 90% of oil products available in the European Union. "High oil prices are weighing on the euro area's terms of trade, and if oil prices move above $100 per barrel to $110 per barrel we think it will be difficult for the euro to avoid parity," said Nomura&#...

The Swiss National Bank will likely conclude its unprecedented tightening campaign with a quarter-point hike on Thursday, a move that risks putting an end to the franc’s peer-beating rally.

(Bloomberg) -- Hedge funds are turning ever more negative on the euro ahead of an interest-rate decision by the European Central Bank next week that is proving increasingly difficult to call.Most Read from BloombergEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USUS Probes Made-in-China Chip as Tensions Flare Over TechnologyEx-Google CEO Eric Schmidt Scraps $67

Euro to Dollar End-2023 Forecast: 1.05 by 2024 say BofA

The US dollar is enjoying its longest winning streak in nearly nine years.