On currency exchanges along the Champs-Elysees in Paris, it's not far off, with one euro buying $1.039. "The cheap euro makes Greece more attractive, and we have a very positive picture from the U.S.," said Andreas Andreadis, head of the Association of Greek Tourist Enterprises. While the European Central Bank has slashed interest rates and launched a massive...» Read More
Adam Parker, Morgan Stanley chief U.S. equity strategist; Ken Rogoff, Harvard University professor; and Raghuram Rajan, University of Chicago professor, weigh in with their outlook on the markets and direction of the global economy, including the strength of the U.S. recovery and the looming fiscal cliff.
Many government and corporate workers in Spain are looking for safer havens for their money, transferring their spare cash to stronger euro zone countries like Germany “on a daily basis.” The NYT reports.
Foreign property owners in continental Europe could face a devaluation of 50 percent on their homes if Greece was to leave the Euro, according to new figures from HiFX.
The euro has had a little bounce after its early morning tumble. Here's where one strategist says it's headed next.
The euro's nosedive has taken it to levels where some are wondering if a reversal is at hand.
Economic woes dog the euro and hound the pound - it's time for your FX Fix.
Worries over Europe's debt problems are taking a toll on U.S. markets, explains Richard Steinberg, Steinberg Global Asset Management, president & CIO, discussing where investors can increase returns on their investments by using higher dividend strategies.
Thursday has a large batch of German economic data. Here's how to trade the euro on the news.
As Greece's problems mount, the euro has been breaching new levels, but this strategist says it's no time to be contrarian.
Jeff Applegate, Morgan Stanley Smith Barney CIO, discusses market volatility, European debt worries, the Facebook fallout, global growth concerns and where Wall Street goes from here.
Worries about Greece sap risk appetite as the euro slides and the dollar soars - it's time for your FX Fix.
Egypt made history on Wednesday as it kicked off its first free presidential election and put its fragile democratic transition to the test. Just over 50 million eligible citizens are expected to cast their votes over the course of two days.
The benefits from reverting to the drachma would occur only after a very painful period of high and rising unemployment, falling government revenues and decreasing economic output. The idea that increased revenues from more tourists would make up for this is alarmingly naive.
CNBC's Kelly Evans reports on Europe's stocks, bonds and investor hopes ahead of Wednesday's summit with European Union leaders.
The odds are rising of a Greek exit from the euro - but what happens next is another question.
The Greek drama plays on and the Swiss may go for the gold - it's time for your FX Fix.
"The problems in the euro zone are now affecting the mood, in Asia, the United States, Japan and elsewhere," says Angel Gurria, OECD Secretary-General, discussing the outlook on the euro zone's economic recovery and the impact of Greek debt on global markets.
Euro gets a reprieve and stimulus talk hits the yen - it's time for your FX Fix.
The world has "hopefully" gotten through the worst in terms of what some analysts have called "currency wars," according to Chad P. Bown, senior economist at the World Bank's Development Research Group, Trade and International Integration.
Europe is scary right now, no question. Here's how one strategist plans to take shelter from the storm.