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France makes big move towards a digital euro

April 2nd, 2020 (0)
France’s central bank has announced its plans to launch an experimental program to test a digital euro in settlement procedures. Qualified institutions are also invited to participate. According to the bank’s statement published on March 27, the program will ...

Coronavirus is pushing U.S. consumers to contactless payments

April 2nd, 2020 (0)
Contactless cards are a potential refuge for consumers who fear plastic and cash are carrying COVID-19. The coronavirus, also known as COVID-19, has drawn attention to the safety and cleanliness of basic activities that many take for granted, such ...

Emerging Asia’s best currencies become worst amid virus woes

April 2nd, 2020 (0)
The exact same factors that propelled the Indonesian rupiah and Thai baht to the top of the Asian pack in 2019 are dragging them lower now. The two currencies are the worst performers in emerging Asia this year as ...

How criminals profit from the COVID-19 pandemic

March 31st, 2020 (0)
Europol, the European Union’s law enforcement agency, has published a report about the latest developments of COVID-19 on the criminal landscape in the EU. In accordance with the Europol’s latest report: During this unprecedented crisis, governments across Europe are ...

Hourly labour costs ranged from €6.0 to €44.7 across the EU Member States in 2019

March 31st, 2020 (0)
In 2019, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be €27.7 in the European Union of 27 Member States (EU) and €31.4 in the euro area. However, the average masks ...

European stocks rise as Chinese factories see coronavirus rebound

March 31st, 2020 (0)
European stocks rose on Tuesday after stronger-than-expected industrial data from China raised hopes that the world’s second-largest economy could stage a swift recovery from the coronavirus crisis. The pan-European STOXX 600 index climbed by around 1.9%. London’s FTSE 100 ...

The dollar rises against major currencies and riskier emerging markets

March 30th, 2020 (0)
The dollar snapped a week of declines on Monday, rising against major currencies and riskier emerging markets as investors braced for a prolonged period of uncertainty while governments tightened lockdowns to fight the coronavirus. China’s offshore yuan fell after ...

Interesting pattern on USD/CHF points higher – Elliott wave analysis

March 27th, 2020 (0)
On the weekly chart of USD/CHF, we can see that price was for the last five years making a sideways, and overlapping price activity; an Elliott wave running triangle in B. This triangle can now be completed based on ...

Fondex continues business as usual and announces swap-free trading conditions on indices to assist long-term investors

March 26th, 2020 (0)
In light of the current outbreak of the coronavirus disease 2019 (COVID-19), and given the markets’ high volatility over this challenging period, Fondex reassures its clients that they can continue to trade under the same conditions experienced so far, ...

Euro and US Dollar during COVID-19 outbreak: what’s happening to the currencies?

March 26th, 2020 (0)
The U.S. dollar has risen in comparison to other currencies this week. Despite recent steps taken by world central banks to alleviate market stress, the US dollar demand was boosted by worries about the economic fallout caused by the ...
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