News | Latest Breaking News Stories & Headlines

The euro is being weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis

Euro back below parity against dollar again

The euro briefly fell back below parity against a robust dollar today and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis.

Business • 22 Aug 22

Euro rallies on report of possible higher ECB rates

The euro rallied on Tuesday after a Reuters story that European Central Bank policymakers will discuss whether to raise interest rates by 25 or 50 points at their meeting on Thursday to tame record-high inflation.

Business • 19 Jul 22

The euro hit parity against the dollar last week

Euro hits one-week high as dollar retreats

The euro firmed to a one-week high on Monday, benefiting from the dollar's retreat after several Federal Reserve officials signaled they did not favour stepping up the rate hiking pace.

Business • 18 Jul 22

The euro has been teetering around parity with the dollar all week

Dollar consolidates at 2-decade high - euro at parity

The dollar hovered below a near two-decade high in Asian trading, having slipped overnight after two Federal Reserve policymakers said they favoured a smaller rate rise than the 100 basis points (bps) that investors were betting on.

Business • 15 Jul 22

Analysts say the euro could fall further if fast-rising US consumer prices keep investors betting on US rate rises

Euro falls below dollar parity for 1st time since 2002

The euro dropped below parity against the dollar today for the first time in almost two decades, as a hawkish US Federal Reserve and growing concern about rising recession risks in the euro area continued to batter the single currency.

Business • 13 Jul 22

The euro fell as low as $1.0005 against the US dollar, moving ever closer to parity for the first time since December 2002

Euro recovers after effectively reaching dollar parity

The euro has rebounded after earlier sliding to a 20-year low and effectively reaching parity against the US dollar as investors worried that an energy crisis in the region will tip the economy into recession

Business • 12 Jul 22

This morning the euro slumped 0.9% to $1.0072, a fresh 20-year low.

Euro closes in on dollar parity

The euro neared parity with the dollar today, as traders bet on the prospect of a eurozone recession caused by soaring inflation.

Business • 08 Jul 22

The euro hit two decade lows this week as surging energy prices fanned recession fears

Euro trading at just off two-decade low

A slight pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears.

Business • 07 Jul 22

Sterling has been floored to two-year lows versus the dollar below $1.18 this week

Sterling gains as Johnson announces resignation

Sterling held on to its gains today after Boris Johnson said he was quitting as prime minister following a rush of ministerial resignations and calls for him to go.

Business • 07 Jul 22

Sterling has edged back towards more than two-year lows against the dollar today

Sterling edges back towards more than 2-year lows

A battered British pound edged back towards more than two-year lows against the dollar today as British Prime Minister Boris Johnson clung to power after key cabinet members quit unexpectedly.

Business • 06 Jul 22

The euro fell 0.7% against the dollar to 1.0186, the first time below 1.02 since December 2002

Euro falls to lowest since 2002 on energy price worries

The euro tumbled to a new two-decade low today as fears over rising energy prices and potential shortages cast a long shadow over the bloc's economy.

Business • 06 Jul 22

Analysts predict the single currency, which yesterday hit its weakest since 2002, will soon fall to parity

Euro falling towards parity pain point

A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European gas prices worsen economic growth fears.

Business • 06 Jul 22

Key euro-dollar moments

The euro is languishing at its lowest level against the dollar since 2002 on mounting recession fears, as central banks hike interest rates to combat decades-high inflation.

Business • 05 Jul 22

The euro's fall is threatening a push towards dollar parity for the first time since its creation in 1999

Euro hits 20-year low against dollar on recession risk

The euro sank today to its lowest level against the dollar since 2002 as data pointed to a growing recession risk in the euro zone.

Business • 05 Jul 22

The euro and sterling both fell today on global slowdown fears

Euro, sterling knocked by global growth worries

Both the euro and sterling fell today as concerns resurfaced that interest rate hikes from major central banks to contain inflation run the risk of a sharp global growth slowdown or recession.

Business • 22 Jun 22

Analysts and traders shrugged off the election results, with the euro rising 0.2% against the dollar to $1.05155

Euro rises with focus on ECB, dollar retreats

The euro rose today as markets focused on the European Central Bank's tools to fight fragmentation in the currency bloc, looking through the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in the country's parliamentary election.

Business • 20 Jun 22

The yen has now fallen for 10 consecutive trading sessions against the euro

Euro hits 7-year peak vs yen ahead of ECB announcement

The euro hit a seven-year peak against the yen today ahead of a European Central Bank (ECB) rate-setting meeting tomorrow that is likely to leave the Bank of Japan (BoJ) standing alone with ultra-loose monetary policy.

Business • 08 Jun 22

Despite today's losses, the euro is still set for a 2% gain in May

Euro's losses deepen after euro zone inflation data

The euro's losses deepened today after data showing euro zone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year.

Business • 31 May 22

The euro is down 1.6% against the dollar this week

Euro falls towards 2017 lows on Russian energy crisis

The euro hovered near its weakest point since early 2017 today after Russian sanctions led to disruptions in gas supplies to Europe, renewing fears about an economic slowdown in the euro zone.

Business • 13 May 22

The euro's fall comes amid rising concerns around energy safety and growth slowdown in China and Europe

Euro falls below $1.06 for first time in five years

The euro fell below $1.06 for the first time in five years against a broadly strong US dollar today amid rising concerns around energy safety and growth slowdown in China and Europe.

Business • 27 Apr 22

The euro fell 0.2% to $1.0812 against the dollar today

Euro edges lower after ECB comments on bond buys

The euro edged lower today after European Central Bank officials made mixed comments, while expectations of a 50 basis points rate hike from the Federal Reserve supported the US dollar.

Business • 22 Apr 22

The euro is falling against a strengthening dollar today

Euro at month-low as West prepares new Russia sanctions

The euro fell today to its lowest level in one month against a strengthening dollar as the prospect of new Western sanctions on Russia added pressure to the European currency.

Business • 06 Apr 22

The euro has been under pressure due to worries about the economic damage from the war in Ukraine

Talk of new sanctions on Russia hits the euro

Sterling gained versus the euro today as the prospect of more sanctions against Russia knocked confidence in the euro zone economy, while continued bets on a rapid pace of interest rate rises from the Bank of England also supported the pound.

Business • 04 Apr 22

Any step towards a ceasefire or a potential peace deal would support the euro as the euro area is seen suffering the most significant economic impact of the conflict

Euro jumps after Ukraine offers neutral status

The euro jumped today after some progress was reported in peace talks between Russia and Ukraine.

Business • 29 Mar 22

The euro fell against the dollar today amid another sharp increase in oil and natural gas prices

Euro weakens as Biden travels to Europe

The euro weakened against the dollar today amid another sharp increase in oil and natural gas prices and while investors waited for US President Joe Biden to unveil new sanctions against Russia during his trip to Europe.

Business • 23 Mar 22