• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Middle East

Euro rallies on rising prospect of historic German debt deal

March 14, 2025
in Middle East
Reading Time: 2 mins read
A A
0
Euro rallies on rising prospect of historic German debt deal
4
SHARES
8
VIEWS
Share on FacebookShare on Twitter


The euro rallied on Friday on rising prospects that German parties will agree a historic fiscal deal that could boost defence spending and revive growth in Europe’s largest economy.

The euro rose 0.49% to $1.0902. Against the pound, the euro gained 0.5% to 84.19 pence and rose 0.7% to 0.9637 against the Swiss franc.

German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday for a massive increase in state borrowing ahead of a parliamentary vote next week, a source close to the negotiations said.

Merz has been racing to persuade the outgoing German parliament to approve a 500 billion euro fund for infrastructure and sweeping changes to borrowing rules.

Worries around Germany’s ability to pass the enormous increase in state borrowing had capped the euro’s gains in the past two days.

“Short term it’s another positive driver for the euro, but we’d be wary about getting too excited about the news, the market was already expecting it to come before next Tuesday,” said Lee Hardman senior currency analyst at MUFG.

“It takes the risk of a disappointment off the table, however.”

Elsewhere, the yen weakened on Friday after union wage talks in Japan concluded and the pound edged lower as British economic growth faltered, with investors also processing trade tensions and slowdown concerns.

The Japanese currency, which scaled a five-month peak earlier this week at 146.545 per dollar on safe-haven bids and market bets for further rate hikes in Japan, lost some ground to trade as weak as 149.02 a dollar on Friday.

The dollar was last up 0.6% at 148.715 yen.

JAPANESE WAGE HIKE

Japanese companies agreed to raise wages by 5.46% this year, topping both last year’s preliminary and final figures and likely marking the highest pay hike in 34 years.

“The Rengo figures … are still short of the more than 6% figure that the union had been aiming for, which might have resulted in some JPY longs deciding to square up their positions,” said Michael Brown, senior research strategist at Pepperstone.

Rengo, the country’s largest union umbrella, had sought an average hike of 6.09% this year.

The data is one important input into the Bank of Japan’s decision making. Economists and markets see the central bank standing pat at its meeting next week as policymakers gauge global risks.

Another underperformer on Friday was the British pound after the British economy unexpectedly contracted by 0.1% in January. Sterling was last down 0.1% at $1.29385.

But still, the British currency was not far off its four-month peak of $1.2990 hit on Wednesday.

On the back of the stronger euro, the dollar index reversed course to be down 0.17% at 103.65 after earlier rising to 104.09.

It had risen after top U.S. Senate Democrat Chuck Schumer on Thursday said he would vote to advance a Republican stopgap funding bill, signalling that his party would provide the votes to avert a government shutdown.

(Reporting by Yadarisa Shabong in Bengaluru and Brigid Riley in Tokyo; Editing by Shri Navaratnam, Tom Hogue, Susan Fenton and Alex Richardson)

Tags: CURRENCIESEuropeFOREX
Previous Post

Alexander-Arnold to miss Carabao Cup final

Next Post

American influencer who snatched baby wombat from its mother leaves Australia

Related Posts

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

June 1, 2025
5
Aid ship set sail from Sicily with aid for Gaza

Belgium warns of Gaza ‘catastrophe’, mulls air bridge for aid delivery

June 1, 2025
4
Next Post
American influencer who snatched baby wombat from its mother leaves Australia

American influencer who snatched baby wombat from its mother leaves Australia

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Sikh Society’s Khalsa Parade continues despite smoky conditions - Regina

Sikh Society’s Khalsa Parade continues despite smoky conditions – Regina

June 1, 2025
Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

June 1, 2025
Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

June 1, 2025
Tiafoe joins Paul as American men into French Open quarters

Tiafoe joins Paul as American men into French Open quarters todayheadline

June 1, 2025

Recent News

Sikh Society’s Khalsa Parade continues despite smoky conditions - Regina

Sikh Society’s Khalsa Parade continues despite smoky conditions – Regina

June 1, 2025
5
Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

June 1, 2025
5
Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

June 1, 2025
3
Tiafoe joins Paul as American men into French Open quarters

Tiafoe joins Paul as American men into French Open quarters todayheadline

June 1, 2025
2

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Sikh Society’s Khalsa Parade continues despite smoky conditions - Regina

Sikh Society’s Khalsa Parade continues despite smoky conditions – Regina

June 1, 2025
Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

June 1, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co