Articles > Business magazines > International magazines > African Business articles > September 1999

Article: Stormy season in euroland.(depreciation of the euro)

Article from:
African Business
Article date:
September 1, 1999
Author:
Copyright

The world's newest currency has had a bumpy ride in the first half of 1999. Relative to the dollar, the euro has depreciated by around 10% since its debut in January at an exchange rate of 1.19. At its low point in early July, the euro was near parity against the dollar. It's plunge has been a severe embarrassment for euro-zone governments and central banks. However, Europeans still hope that the euro may soon complement the greenback as an international reserve currency and that commodities like crude oil and softs may be priced in euros instead of dollars in coming years.

Herbert Hax, chairman of the Council of Economic Advisers to the German government has ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Russia's Central Bank adds euros to currency ...
Russia & CIS Business and Financial Newswire;  February 9, 2007 ;     700+ words ... ... February 8 the euro share was raised to 0.45 euros and the dollar ... 55. The Central Bank last changed ... raising the euro share to 0.4 euros from 0 ... of 0.1 euros and $0.9 the Central Bank promised ... raise the euro share, which ...

Article: Traders Push Euro Still Lower New Tumble Is Forecast as ...
International Herald Tribune;  September 12, 2000 ;     700+ words ... ... challenge the European Central Bank to rescue the sinking euro.The euro fell ... policy toward the euro's weakness, the European Central Bank could send its first ... the only tool the central bank has left to support the euro. Its succession ...

Article: Dollar, euro both drop by ten kopecks on MICEX as ...
Russia & CIS Business and Financial Newswire;  June 26, 2007 ;     700+ words ... ... rubles/$1, while the euro posted a low of 34 ... changes were seen in the euro/dollar pairing on the ... market on Tuesday as the euro stabilized around the ... 346-$1.347. The Central Bank last altered the structure ... increased the share of euros in the basket to 45 ...

Article: Central Bank strengthens ruble; dollar, euro ...
Russia & CIS Business and Financial Newswire;  February 13, 2006 ;     700+ words ...Central Bank strengthens ruble; dollar, euro fall on MICEX ... strengthened against the euro. Dealers say ... of the Russian Central Bank, which strengthened ... Frolov said the Central Bank stopped supporting ... to increase the euro's share in it ...

Article: Central Bank appreciates ruble; dollar, euro ...
Russia & CIS Business and Financial Newswire;  September 5, 2006 ;     700+ words ...Central Bank appreciates ruble; dollar, euro drop on MICEX MOSCOW ... S. dollar and the euro both slipped down on ... on Tuesday after the Central Bank of Russia appreciated ... is comprised of 0.4 euros and 0.6 dollars, previously ...

Article: (B) OPINION: European Central Bank Finally Takes ...
Knight Ridder/Tribune Business News;  September 15, 2000 ;     700+ words ... ... been selling euros for dollars ... that the 11 euro-area countries ... real economy. Central bank intervention ... inflation in the euro-area is rising ... oversold. If the central bank catches a lot ... be short of euros, but a rise in the euro may not cause ...

Transcript: Analysis: Pressure increasing for European Central ...
NPR Morning Edition;  January 31, 2000 ;     679 words ... ... increasing for European Central Bank to intervene as euro continues to fall ... created European Central Bank--or ECB--to prop up the euro. The continent ... of the European Central Bank, Wim Duisenberg ... inflation risk if the euro does not revive ...

Article: Dollar Loses Out to Euro In Central Bank ...
The St. Petersburg Times (Russia);  January 24, 2003 ;     584 words ... ... allow the Central Bank to invest ... as well as euros and dollars. The Central Bank is likely ... compared to the euro's 15-percent ... trade is in euros and another ... But, as the Central Bank plans to hedge ... increasing euro-denominated ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives