... strong corporate earnings – reinforced the view that the Fed is unlikely to rush into rate cuts. Consequently, the dollar ended the week at roughly the same level as the previous week, interrupting the weakening phase seen earlier in the month. The euro remained virtually unchanged against the dollar over the week, consolidating around the $1.17 level. The restrained tone of the European Central Bank and the lack of new drivers led to sideways dynamics in the euro/dollar pair. The British pound ...

... meeting on July 24, keeping the refinancing rate at 2.1% and signaling that the rate hike cycle is nearing its end. The ECB’s softened rhetoric, combined with signs of cooling in the economy, led to a slight decrease in bond yields in Europe. The euro strengthened against the dollar over the past few days, taking advantage of weaker US data and the Fed's pause: the EUR/USD exchange rate has climbed to above $1.19. On national markets in Europe, dynamics were mixed. The German DAX index gained ...

... according to reports, has commenced a soft launch of its blockchain-based platform at the end of September. In anticipation of its official market debut next week, the company announced the completion of a seed funding round amounting to 3.1 million euros. Besides Munich-based venture fund yabeo as the lead investor, two family offices from Germany also participated. Brickwise intends to utilize the raised capital for marketing and further product development. "Our vision is to make real estate ...

... transfers. In the Ripple ecosystem, it acts as a bridge asset between different currencies: for example, a bank in one country can convert its dollars into XRP, send it through the RippleNet network, where the other party instantly converts the XRP back to euros. This eliminates the need to hold reserves of various currencies in accounts worldwide (which banks typically do for transactions). Besides banking applications, XRP can be used by anyone for fund transfers – a fee of a few cents and instant delivery ...

... Exchange Rate Dynamics The ruble weakened amidst a range of internal and external factors. According to the Central Bank of Russia, the national currency ended the year with the following indicators: US Dollar Exchange Rate: +13.4% (ruble depreciation). Euro Exchange Rate: +7%. Chinese Yuan Exchange Rate: +6.8%. Main Causes of Ruble Depreciation Geopolitical Factors The introduction of new US sanctions against Russia in November 2024 dealt a serious blow to the economy. The sanctions affected key sectors ...