Euro – Page 3 – THE OVAL CIRCLE

US dollar grabs bigger share in global currency reserves, but broader trend indicates shift away from greenback

Posted on July 3, 2021July 3, 2021By Editor

The share of the US dollar held by global central banks totaled 59.5% from January through March, up from 58.9% recorded in the previous quarter, according to data revealed by the International Monetary Fund (IMF). … Read More >US dollar grabs bigger share in global currency reserves, but broader trend indicates shift away from greenback

Dumping the dollar: Russia gets ready to shift currency liquidity to the euro

Posted on June 8, 2021June 8, 2021By Editor

Russian authorities are planning to shift the nation’s currency liquidity from the US dollar to the euro, the country’s Finance Ministry announced on Monday. … Read More >Dumping the dollar: Russia gets ready to shift currency liquidity to the euro

Russia slashes dollar & euro from reserves in favor of gold & yuan

Posted on May 7, 2021May 7, 2021By Editor

The Central Bank of Russia (CBR) said in its annual report that in 2020 it reduced the share of the euro, the dollar and the pound in the country’s international reserves in favor of gold, yuan and other currencies. … Read More >Russia slashes dollar & euro from reserves in favor of gold & yuan

Morgan Stanley shrugs off anti-Russian sanctions risks & bets on stronger ruble

Posted on February 8, 2021February 8, 2021By Editor

The Russian ruble has hit a two-week high against the US dollar and the euro, buoyed by rising oil prices and a positive outlook for the market, with Morgan Stanley expecting the currency to extend gains. … Read More >Morgan Stanley shrugs off anti-Russian sanctions risks & bets on stronger ruble

EU

Hungary & Poland uphold veto on EU budget and recovery fund – Budapest

Posted on December 8, 2020December 8, 2020By Editor

Hungarian Foreign Minister Peter Szijjarto said on Monday that Budapest and Warsaw are upholding their veto of the European Union’s budget and a coronavirus recovery fund, though the EU may try to bypass their decision. … Read More >Hungary & Poland uphold veto on EU budget and recovery fund – Budapest

Euro beats US dollar as world’s most used currency, SWIFT says

Posted on November 21, 2020November 21, 2020By Editor

The US dollar has lost to the euro as the number one currency for global transactions for the first time in nearly eight years, said the Society for Worldwide Interbank Financial Telecommunications (SWIFT). … Read More >Euro beats US dollar as world’s most used currency, SWIFT says

Business Russia

Russia mulls using yuan & euro instead of US dollar for external loans in 2020

Posted on October 19, 2019October 19, 2019By Editor

Further turning away from the greenback, Russia is eyeing the yuan and the euro as currencies for Eurobonds next year, … Read More >Russia mulls using yuan & euro instead of US dollar for external loans in 2020

Business Russia

‘Our currency’s stable, why not use it?’ Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports

Posted on October 14, 2019October 14, 2019By Editor

Russia is planning to abandon the US dollar in favor of euro and rubles for currency settlements in global energy transactions in order to minimize reliance on the American currency. … Read More >‘Our currency’s stable, why not use it?’ Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports

Business Russia

Russia’s largest oil company ditches dollar in new oil deals

Posted on October 7, 2019By Editor

Russia’s largest oil company Rosneft has set the euro as the default currency for all new exports of crude oil and refined products. … Read More >Russia’s largest oil company ditches dollar in new oil deals