Euro

[LONDON] The US dollar steadied at a near two-month low on Monday (Aug 10) following Friday’s soft jobs data, as investors awaited this week’s inflation data for more clues on the Federal Reserve’s rate path.

Some ECB officials viewed the US using euros, instead of US dollars, as an unprecedented breach of longstanding conventions

The country must enter the euro with an economy that can function well within a monetary union

The sale tests global investor appetite as the EU addresses its widening trade imbalance with China

[FRANKFURT] The European Central Bank (ECB) secured key parliamentary backing on Tuesday (Jun 23) for the launch of a digital euro, an electronic means of payments aimed at making the eurozone less reliant on US credit cards at a time of fraying transatlantic relationships.

An ECB rate hike has long been expected

The euro is flat, while sterling is little changed

Overall usage of the common currency has risen to about 20%: ECB

Oil prices are expected to remain volatile