Europe&#39;s cash addiction drives banknote demand
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Euro notes have become the world&#39;s favourite form of cash because of Europeans&#39; financial habits rather than international demand for the young currency, according to a European Central Bank report released on Monday.
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With the dollar near its lowest rate ever against the euro, many Europeans are looking at the United States as a cheap place to flex their strong currency.
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RIO DE JANEIRO, Brazil  - The recent surge in theeuro currency is unwelcome and the U.S. Treasury's commitmentto a strong dollar is important, European Central BankPresident Jean-Claude Trichet said on Friday.
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Europeans, many of whom worked themselves up about the swooning dollar and the stampeding euro last year, suddenly seem to have mellowed.
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European consumers are borrowing and spending less because of rising unemployment, causing a slowdown in the region's US$10 trillion economy.
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NEW YORK/LONDON  - New evidence of damage wrought by the U.S. mortgage sector surfaced in the United States and Europe on Wednesday while banks demanded a record amount of cash at a euro zone money market auction.
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Greenback weakness sends Euro to a new record and across a psychologically significant barrier.
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FRANKFURT Will the European Central Bank intervene in the world&#39;s currency markets to put a lid on the euro? It has become a tantalizing prospect for many Europeans, who are nervous about the economic impact
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With growth flagging in the 12-nation eurozone, pressure is building in European financial circles for central bank intervention to curb a surge in the euro against the dollar.
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The euro hit an eight-month high against the US dollar on Tuesday, increasing the exchange-rate burden on Europe&#39;s exporters as fears over high oil prices weighed on the greenback.
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The euro yesterday reached a new record high against the dollar, renewing fears that the faltering economic recovery in mainland Europe will be choked off next year.
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LONDON  - With the euro soaring against the U.S. dollar, some analysts say European companies on the lookout for bargains would charge into the United States, snapping up easy acquisitions.
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Good news has been in short supply for Europe&#39;s traditional industrial economies like Germany and France. Growth remains weak, unemployment high, labor markets are still rigid and the euro is soaring, pricing their exports out of the market.
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The euro surged to an all-time high of $1.2987 yesterday, putting pressure on Europe&#39;s largely export-driven economic recovery and prompting European Central Bank President Jean-Claude Trichet
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THE euro is rising to record levels against the dollar, winning favor as a reserve currency in central banks from Russia to China, and flexing its muscles in bond markets.
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Europe is in the midst of another bout of angst about its currency, amid signs the Bush administration will tolerate a prolonged weakness in the dollar.
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The euro climbed to a new record high level of 1.3021 dollars as markets remained concerned by the large US current account and budget deficits.