Euro

Country of the month: Germany

Germany is the European Union’s economic powerhouse. The country has had 16 consecutive quarters of GDP growth—its longest upswing since 1991—and is enjoying its lowest unemployment rate since reunification in 1990. Germany’s solid growth has continued this year despite political challenges to Chancellor Angela Merkel’s leadership, with more jobs and higher wages driving consumer spending. […]

By Sharon Ho |September 21, 2018

5 min read

Near-term outlook for loonie and U.S. dollar

With U.S. growth revised upward due to government spending and tax cuts, markets have priced in three Fed rate hikes for 2018. That’s allowed the U.S. dollar to put up a fight against global currencies despite a deficit projected to surpass US$1 trillion in 2019. “Generous long-end spreads versus still-low overseas yields are providing enough […]

By Staff |March 14, 2018

3 min read

How low inflation in eurozone could impact currency

European Central Bank head Mario Draghi says the expanding eurozone economy still faces “risks and uncertainties”— including a looming trade dispute with the United States—and has cautioned that inflation needs to rise further before monetary stimulus is ended. Draghi said Wednesday that higher inflation, not growth, is the “very clear condition” for the central bank […]

By Staff, with files from The Associated Press |March 14, 2018

2 min read

ECB could revisit stimulus in March, while Brexit stunts U.K. growth

The European Central Bank could indicate as soon as March that it is mulling an earlier end to its stimulus program

By Staff, with files from The Associated Press |February 22, 2018

4 min read