Friday

29th Mar 2024

Ticker

Value of euro drops

The euro dropped 0.7% to $1.2573 on Monday after it had gained 1.75% on Friday. Despite the initial positive gains following the EU summit on Friday, traders remain uncertain about future EU developments. "Everybody is sceptical," a senior currency trader in New York told the Wall Street Journal.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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