Soaring Euro Offsets Economic Hopes
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European stock markets failed on Monday  to build on six-month highs as the euro probed record levels  against the dollar, offsetting the positive effects of lower  oil prices and a seemingly revitalized U.S. jobs market.
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A top European Union (EU) economic official said on Monday that the current level of the euro against the US dollar posed no threat to the eurozone economic recovery.
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With the European economy on the upswing, companies and governments are shrugging off the dollar's renewed slide against the euro this week -- a phenomenon once dreaded as potential poison for the continent's ...Comment
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The European Central Bank is set this week to express confidence in the underlying strength of the eurozone economy even if, as expected, it shelves plans for a rise in interest rates.
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The euro hit record highs versus the  dollar for a second day on Friday, boosted in thin trade by  worries about the U.S. current account deficit and economy and  apparent lack of official concern at the dollar's slide.
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The eurozone economy is on course for growth next year of about 2.0 percent despite the euro's record-breaking rally against the dollar, the European Union's executive arm revealed.
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Speedy growth in the eurozone and UK services sectors are making higher interest rates likely.
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With the European economy on the upswing, companies and governments are shrugging off the dollar's renewed slide against the euro this week _ a phenomenon once dreaded as potential poison for the continent's ...Comment
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The European Central Bank is sounding markedly more confident these days than it had earlier this year about the economic recovery in the 12 countries that use the euro.
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The euro soared to new highs against the  dollar Wednesday, wiping out modest opening gains on European  stocks, while euro zone government bonds fell after a weak Bund  auction.
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Europe's year-end rally gathered momentum this week with bid speculation in the banking and retail sectors helping equities reach a fresh 5&frac12;-year high on Friday.
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The euro backtracked further from recent record highs as markets weighed prospects of central bank intervention on the foreign exchange market to slow the single currency's rise.
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The euro reaches a fresh record high against the US dollar, climbing above the $1.41 level.
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The euro climbed to within striking  distance of record highs against the dollar in thin dealings on  Thursday, with moves driven by technical trading in the run-up  to Christmas.
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The euro hit a record high against the  yen on Thursday and remained within sight of this week's  all-time peak versus the dollar as its bull run continued a  thin market.
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The eurozone&#39;s near-perfect recovery remains on track with economic confidence dipping only slightly this month and inflation remaining within the European Central Bank&#39;s target range.
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The European Central Bank is set to lift its key interest rate by a quarter of a percentage point when it meets this week &#151; the fifth such move since the bank started adjusting rates in December 2005 as Europe's economy picked up.