The post Euro: Global Euro moment still unfulfilled – ING appeared on BitcoinEthereumNews.com.
ING’s Carsten Brzeski argues that Europe has yet to earn its “global euro moment” outlined by European Central Bank (ECB) President Christine Lagarde in 2025. Despite progress on initiatives like the Savings and Investment Union and capital markets reforms, he stresses that fragmented capital markets and large, underused household savings continue to limit the Euro’s strategic international role. Structural savings and market fragmentation persist “And one year ago, ECB President Christine Lagarde stood in Berlin and declared that the fracturing global order had created Europe’s “global euro moment”: a rare chance to step up, earn influence, and reshape the international monetary system in Europe’s favour. Twelve months on, let’s be honest: the optics are not good.” “And yet – to borrow from Monty Python’s Life of Brian – what has Europe ever done for us? Well, over the last 12 months: the Sa
The post Canton Network Turns Bullish After a Super Validator Signal appeared on BitcoinEthereumNews.com.
Canton (CC) is rallying nearly 8% on Thursday after Societe Generale joined the Canton Network as an Ecosystem Super Validator. The move sees the bank’s SG-FORGE unit deploy euro and dollar stablecoins for institutional settlement. The token broke above its $0.15 accumulation zone and snapped a descending trendline running from its February 3 all-time high. Price now targets the 0.618 Fibonacci retracement at roughly $0.17. Daily Chart Breaks Descending Trendline From February Peak Canton (CC) printed a 6.94% bullish daily candle on Thursday. The move sliced through a descending trendline that has capped price since its February 3 record at $0.194. That trendline had defined the multi-month downtrend after the February peak. Its break removes the most visible structural ceiling on the daily chart. The breakout follows a reclaim of the $0.15 accumulation zone earlier this week. The
Rising ECB rates amid geopolitical tensions could trigger inflation control challenges, impacting eurozone growth and financial market stability.
The post European Central Bank rate hikes increasingly likely due to Iran war, says Nagel appeared first on Crypto Briefing.
The post Euro refreshes monthly low against US Dollar as traders price out dovish Fed bets appeared on BitcoinEthereumNews.com.
The Euro (EUR) trades sharply lower against the US Dollar (USD) around 1.1630 during the European trading session on Friday, the lowest level seen in over a month. The EUR/USD pair faces intense selling pressure as the US Dollar (USD) outperforms across the board due to firm expectations that the Federal Reserve (Fed) will not cut interest rates this year. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.32% 0.41% 0.05% 0.20% 0.86% 1.00% 0.25% EUR -0.32% 0.08% -0.26% -0.13% 0.54% 0.72% -0.06% GBP -0.41% -0.08% -0.34% -0.21% 0.46% 0.62% -0.15% JPY -0.05% 0.26% 0.34% 0.16% 0.80% 0.96% 0.20% CAD -0.20% 0.13% 0.21% -0.16% 0.64% 0.78% 0.05% AUD -0.86% -0.54% -0.46% -0.80% -0.64% 0.17% -0.61% NZD
The post Euro rallies above 0.8700 against the British Pound as UK political turmoil worsens appeared on BitcoinEthereumNews.com.
The Euro (EUR) rallies for the second consecutive day against an ailing British Pound (GBP) on Friday, crushed by growing political uncertainty in the UK. The cross reached fresh five-week highs above 0.8720 earlier on the day and is heading for a 0.75% weekly appreciation, its best performance in the last eight months. Traders are selling the Pound across the board, following the resignation of the UK Health Secretary, Wes Streeting, the last of a series of resignations, following the disastrous Labour results at last week’s local elections. Streeting affirmed on Thursday that he “lost confidence” in UK Prime Minister Keir Starmer, which has increased his isolation. Starmer has pledged to remain in charge, but his position grows weaker by the minute. Calls to resign have been mounting, and some Labour lawmakers are moving to replace him, with the Mayor of G
The post Euro: Technical break points to 1.160 test versus US Dollar – ING appeared on BitcoinEthereumNews.com.
ING’s Francesco Pesole highlights a significant technical break in EUR/USD below 1.170, opening scope for a test of 1.160 in coming days. Pesole stresses that widening EUR:USD two-year swap differentials back towards pre-war levels have removed a key source of Euro (EUR) resilience versus the US Dollar (USD), while political risk is adding a premium to EUR/GBP with upside risks for the cross. Rate gap widens as support fades “We saw a pretty significant technical break in EUR/USD at 1.170, which seemed to rapidly pave the way for a test of 1.160 in the coming days.” “While equities are the main driver of the pair, the moves in short-term rate differentials have been big of late. The EUR:USD two-year swap rate gap has widened 20bp from -80bp to -100bp since the start of this week. That is now close to pre-war levels, essentially removing a key driver (hawkish ECB repricing vs
The post Euro Slides Toward 1.1650 As Hot US Inflation Data Fuels Fed Rate Hike Bets appeared on BitcoinEthereumNews.com.
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Home Forex News Euro Slides Toward 1.1650 as Hot US Inflation Data Fuels Fed Rate Hike Bets
Source: https://bitcoinworld.co.in/euro-slides-toward-11650-hot-us-inflation-fuels-fed-rate-hike-bets/
The post Japanese Yen: Valuation risks and policy coordination – BNY appeared on BitcoinEthereumNews.com.
BNY’s Geoff Yu highlights that the Japanese Yen (JPY) remains significantly undervalued on a Real Effective Exchange Rate (REER) basis even as Euro (EUR) and US Dollar (USD) valuations have converged. He notes United States (US) –Japan coordination on exchange rates is already underway and argues Europe should be more proactive, as sustained JPY weakness poses greater competitive risks for Eurozone exporters than for the United States. JPY undervaluation and European risks “Based on the Bank for International Settlements’ (BIS) Real Effective Exchange Rate (REER) indices, measured by their change over the last five years, the dollar and euro have fully converged in valuation over the past six months. A range breakout would require a significant structural catalyst – the technology drivers behind “U.S. exceptionalism” or the “European strategic autonomy” theme on defense.” “Japan ha
The post EUR/GBP Price Forecast: Cross remains capped below Key SMAs despite tentative rebound appeared on BitcoinEthereumNews.com.
EUR/GBP trades choppy on Thursday, with the British Pound (GBP) modestly outperforming the Euro (EUR) on the back of resilient UK economic data, while traders also assess growing political noise in the United Kingdom. At the time of writing, the cross is trading around 0.8659 after touching an intraday high of 0.8668 earlier in the day. The UK economy expanded by 1.1% YoY in the first quarter of 2026, accelerating from 1.0% in the previous quarter and beating market expectations of 0.8%, according to preliminary estimates. On a monthly basis, UK GDP rose 0.3% in March, defying forecasts for a 0.2% contraction, though growth slowed slightly from February’s 0.4% expansion. However, the GBP is struggling to build on gains from the stronger UK economic data as political uncertainty weighs on sentiment. Speculation over potential leadership challenges to Prime
