Bulgarian Banks Stopping Card Payments During New Year Amid Euro Changes
Bulgaria’s Transition to Euro on January 1, 2026 Bulgaria is set to switch to the euro on January 1, 2026. This change will necessitate significant adjustments within banking systems, which may lead to some disruptions in card payments. Reportedly, both service and digital banking will start operating early in the year. There’s no need for […]
Euro weakens as US employment data strengthens the Dollar amid speculation of Fed cuts
The euro dipped slightly on Thursday as traders braced for the upcoming release of the Core Personal Consumption Expenditures (PCE) price index, which is the US Federal Reserve’s preferred inflation indicator, while absorbing the latest US job data. As it stands, EUR/USD is down 0.19% at 1.1649. EUR/USD may increase further amid potential Fed rate […]
Euro reaches six-week peak driven by economic and Ukraine optimism, dollar declines
Eurozone Business Activity and Dollar Shift On Wednesday, the euro reached a six-week peak against the dollar, thanks to newly released data indicating a rise in business activity within the euro zone. In contrast, disappointing U.S. job figures and predictions of additional interest rate reductions cast a shadow over the dollar. In November, the growth […]
Dollar gains strength against yen; euro stabilizes following inflation reports
Market Update: Dollar and Euro Movements The dollar made a comeback after slipping earlier this week, rising against the yen. The euro also gained some ground after new data indicated that inflation in the eurozone exceeded expectations slightly, even as conversations about a potential interest rate hike by the Bank of Japan lingered. The dollar […]
Euro holds steady above 1.1600 as Dollar weakens in the absence of significant data
EUR/USD Market Update The EUR/USD saw a slight increase of over 0.15% on Monday, maintaining the 1.1600 level. This movement came amidst a weakening US dollar, spurred by assertive remarks from Bank of Japan Governor Kazuo Ueda. The softer economic conditions across both the US and Europe have contributed to a more favorable outlook for […]
Dollar falls as euro and yen rise with a weakening US labor market
Dollar Weakens Amid Labor Market Concerns The U.S. dollar showed weakness against both the euro and yen on Tuesday, fueled by worries about a declining labor market following reports of job cuts by private employers last month. According to ADP Research, preliminary estimates revealed that private companies shed an average of 11,250 jobs per week […]
EUR/USD Price Outlook: Euro strengthens, approaching important resistance near 1.1600
The euro (EUR) continued its upward trend against the US dollar (USD) on Friday, benefiting from a decline in the dollar. Currently, EUR/USD is trading around 1.1575, marking its highest point since October 30th. The pair has regained momentum after briefly hitting a three-month low on Wednesday and seems set for a weekly increase after […]
Bulgaria ready to adopt the euro: moving towards a common future
Speech by ECB President Christine Lagarde at the high-level meeting on “Bulgaria, the gateway to the eurozone” co-organized by the Bulgarian Ministry of Finance and the Bulgarian National Bank Sofia, November 4, 2025 As of January 1, 2026, Bulgaria will officially adopt the euro. While it can seem like a sudden shift, it’s really the […]
Euro rises above 1.1650, but budget uncertainty could limit increases
The EUR/USD is making gains, hovering around 1.1670 as European trading kicks off on Monday. The euro has shown some strength against the US dollar, likely due to improved risk sentiment. Nevertheless, escalating fiscal uncertainties in France could put a cap on gains for major currency pairs. Traders are also keenly awaiting Germany’s producer price […]
Today’s Focus: Final inflation data in the euro area takes the spotlight
The U.S. dollar (USD) continued to decline on Thursday, reaching lows not seen in several days as investors considered the likelihood of rate cuts from the Federal Reserve and the economic consequences of a potential government shutdown in the U.S. Here’s what to expect on Friday, October 17th. The U.S. Dollar Index (DXY) dropped further, […]