euro

US loses financing edge as Asia borrows in euros

The boom is being driven by lower funding costs

The euro offering comes on the heels of China’s successful US$4 billion  dollar-denominated bond sale about two weeks ago.

China’s euro-denominated sovereign bonds sale sees strongest demand in six years

The offering is around 12.5 times oversubscribed, attracting orders exceeding 50 billion euros

If lawmakers pass the needed legislation by the end of next year, the ECB expects a pilot of the digital euro to launch in 2027 and the first issuance take place as early as 2029.

ECB questions proposal of a purely offline digital euro

THE European Central Bank is pushing back against a European Parliament proposal that would launch the planned digital euro solely offline.

EU finance ministers agreed last month on a road map for launching the digital euro but retained a say on its eventual introduction and on the holding limit.

Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says

The ECB has presented the digital currency as an alternative to US-dominated means of payment

The dollar is being aided by some more hawkish commentary by Federal Reserve officials.

US dollar mixed as yen sell-off wanes, euro hit by French politics

[NEW YORK] THE US dollar was mixed on Thursday (Oct 9) as a sell-off in the Japanese yen appeared exhausted for now, while the euro was dented by political uncertainty.

“The initiative will provide a real European alternative to the US-dominated stablecoin market, contributing to Europe’s strategic autonomy in payments,” said the consortium of European banks, including UniCredit.

European banks to launch euro stablecoin in bid to counter US dominance

The new Amsterdam-based company is expected to launch its stablecoin in the second half of next year

Issuance in US dollars and euros by Asia-Pacific borrowers totals about US$306 billion so far this year.

Asia’s US$306 billion of global bond sales are about to go higher

The latest moves mark early signs of a global pickup in issuance, as companies aim to lock in some of the tightest credit spreads in decades

The US dollar may be increasingly questioned, but no serious alternative has emerged to unseat it.

The US dollar endures, but for how long?

Reports of the currency’s demise are greatly exaggerated

Things look rockier for the US dollar as data showed jobs growth missed expectations in July with downward revisions to prior months as well.

Currency traders focus on Australian dollar and euro for bearish US dollar bets

More selective positioning comes amid tariff risks and deteriorating data from America

After hitting a roughly three-week low early in the session, the euro has regained some ground to US$1.16905.

US dollar steadies amid muted reaction to Trump’s 30% tariff threat to EU and Mexico

The euro and Mexican peso dip, but Bitcoin surpasses US$120,000 level for the first time