Euro Rate

Ireland’s services sector expanded during March, as companies operating in the sector continue to benefit from a recovering economy. However, the sharp fall in the value of the euro during the month contributed to a significant rise in input costs. According to the latest Services Purchasing Managers’ Index from Investec, March saw further growth in […]

Euro zone business activity accelerated in March at its fastest pace for nearly a year as customers took advantage of ongoing price discounting to place new orders at a rate not seen since mid-2011. The upbeat survey will provide welcome news for the European Central Bank just weeks after it embarked on a trillion-euro […]

By Jonathan Cable LONDON, (Reuters) – Euro zone business activity accelerated in March at its fastest pace for nearly a year as customers took advantage of ongoing price discounting to place new orders at a rate not seen since mid-2011, a survey found. The upbeat survey will provide welcome news for the European Central Bank […]

By Jonathan Cable and Caroline Valetkevitch LONDON/NEW YORK (Reuters) – Euro zone businesses ramped up activity this month as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fueled expectations of more monetary stimulus. U.S. manufacturing activity growth also edged up despite a stronger U.S. dollar and […]

* Robust French, German PMIs help euro * Fed’s Williams repeats mid-year rate rise may be appropriate * Dollar still feeling impact of last week’s dovish Fed statement * Aussie slips briefly after weak China flash HSBC PMI By Ahmed Aboulenein LONDON, March 24 (Reuters) – The euro rose for the third day running against […]

The euro strengthened against most major currencies in the early European session on Tuesday, after data showed that Germany’s private sector expanded at the strongest pace in eight months in March. Data from Markit Economics showed that Germany’s composite Purchasing Managers’ Index rose to 55.3 from 53.8 in February. The growth has stretched to 23 […]

By Hiroyuki Kachi The euro fell against the dollar and the yen in Asia trade Tuesday, with some traders adjusting positions after the currency staged a rally overnight. Around 0450 GMT, the euro was at $ 1.0920 from $ 1.0946 late Monday in New York. That compares with […]

Euro zone business activity continued to expand in February, although at a slower rate than expected, according to a closely-watched survey of the region’s services and manufacturing sectors. The final composite reading of Markit’s purchasing managers’ index (PMI) came in at 53.3 in February, slightly below a preliminary reading of 53.5. However it marked a […]

Growth in euro zone business activity hit a seven-month high in February, following a pick-up in demand, according to a closely-watched survey released on Friday. The flash composite reading of Markit’s purchasing managers’ index (PMI) came in at 53.5 this month, up from January’s 52.6 and above analyst forecasts. The composite measure includes activity in […]

By Jonathan Cable LONDON (Reuters) – The euro zone economy began 2015 in better shape than expected but firms were forced to slash prices, surveys showed on Friday, a day after the European Central Bank announced a money-printing plan in a bid to revive inflation. Firms across the continent have been cutting prices at the […]