The euro was stronger and demand for the currency could improve given the speed of its recent depreciation against the dollar following the U.S. election, MUFG Bank said, adding that the risk of the ECB cutting rates by less than expected could also benefit the currency. Source link
People walk down the iconic Alcalá street on a very hot afternoon in Madrid, Spain. Miguel Pereira | Getty Images News | Getty Images The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union’s statistics agency showed Wednesday. Economists polled by Reuters had expected growth of 0.2%. following the bloc’s 0.3% expansion in the second quarter. Spain saw one of the highest growth
Line-up of pumpkins in the Netherlands, on Oct. 27, 2024. Nurphoto | Nurphoto | Getty Images Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday. Economists polled by Reuters had forecast a headline figure of 1.9%. The September headline reading was revised down to 1.7% from 1.8% on Oct. 17, below market expectations. The biggest upward pull in the
