EURC in the spotlight: latest news

French utility EDF and the European Investment Bank have announced a financing agreement worth 500 million euros ($585.4 million) to support the second phase of a project aimed at updating the French power grid.

Bulgaria plans to conduct audits of government IT systems starting October 1 to confirm their readiness for operations with the euro, according to e-Government Minister Valentin Mundrov.

Christian Kettel Thomsen, Governor of the National Bank of Denmark, discusses the potential advantages of adopting the euro currency in an exclusive interview.

The euro is currently affected by two contrasting factors. On one side, there are expectations that the Federal Reserve will soon initiate a monetary policy shift, which is positively impacting the euro. However, there are still risks that could influence its performance in the future.

Alphabet's Google has been fined 2.95 billion euros (approximately S$4.4 billion) by the European Union for engaging in anti-competitive practices within its advertising technology sector.

The European Central Bank (ECB) has emphasized the need for a digital euro to maintain payment stability during significant disruptions.

On September 4, 2025, Piero Cipollone, a member of the ECB Executive Board, spoke to the European Parliament, emphasizing the need for a digital euro to bolster Europe's strategic autonomy and counter the influence of foreign stablecoins.

The European Central Bank (ECB) advocates for the digital euro during a session at the European Parliament, presenting it as a crucial solution to economic crises. The ECB aims to address skepticism surrounding the digital euro and encourage broader acceptance.

The stablecoin market has evolved into a new phase known as Stablecoin 2.0, characterized by fragmentation, adherence to regulations, and increased adoption by institutions.

The European Central Bank is advocating for a digital euro to serve as a backup payment system during crises. However, lawmakers are expressing concerns regarding privacy issues and the potential effects on the financial system.

The central bank governor of Denmark has suggested that adopting the euro could enhance the country's influence within the European Union. He emphasized that joining the euro might be a strategic step for Danes seeking a more significant role in EU affairs.

Piero Cipollone, a member of the European Central Bank's executive board, urged the European Union to expedite the development of a digital euro to enhance economic resilience.

In the second quarter of 2025, the euro area's seasonally adjusted GDP rose by 0.1%, while the EU experienced a slightly higher increase of 0.2% compared to the previous quarter.

The launch of YO's new yoEUR vault aims to increase on-chain activity for the euro stablecoin EURC. However, challenges such as fragmented bridges and liquidity caps are hindering market integration and creating segmentation.

The Pound to Euro (GBP/EUR) exchange rate fell to a three-week low of under 1.1500 this week due to significant bond market concerns but later rebounded to 1.1535.

EUR/USD is currently trading around 1.1670, with support identified at 1.1614 and resistance at 1.1735. Weak employment data from the U.S. has increased expectations for a Federal Reserve rate cut, contributing to a bullish outlook for the euro.

The latest exchange rate for the euro against the Hungarian forint, along with a summary of key currencies, has been provided by Wise as of September 4, 2025.

Cody Gakpo, the Liverpool winger, has confirmed that Bayern Munich expressed interest in signing him during the summer transfer window prior to the Bundesliga champions securing other deals.

Global stock markets displayed a mix of cautious optimism on Thursday. The Nikkei rebounded, while the Euro Stoxx 50 saw a rally. In contrast, the Dow Jones maintained a cautious stance amid expectations of a Federal Reserve rate cut.

The European Commission announced on Thursday the disbursement of an additional 18.9 million euros (approximately $22 million) to Moldova through the Reform and Growth Facility.

The European Central Bank's initiative to launch a digital euro is encountering significant resistance in the European Parliament, with concerns from some lawmakers about its potential impact on the banking system.

Euro zone government bond yields declined on Thursday following a sharp increase in U.S. economic data and remarks from Federal Reserve officials.

The Euro PM2025 Congress & Exhibition, organized by the European Powder Metallurgy Association (EPMA), is set to take place in Glasgow in less than two weeks.

The qualifying groups for the 2025-27 Under-21 EURO will determine ten final spots in addition to the co-hosts Albania and Serbia, along with eight playoff positions.

In July, retail sales in the Euro Area increased by 2.2% year-over-year, contributing to a trade surplus of €16.2 billion recorded in May 2025. This development is expected to influence market dynamics, including ETFs such as EWG and EWI, as well as the EUR/USD currency pair.