The euro could climb to levels last seen five years ago as a drop in hedging costs would drive flows of more than $200 billion and prop up the currency, according to Morgan Stanley.
The forint weakened after the Hungarian central bank unexpectedly lowered the interest rate on its foreign-currency swaps following one of the biggest emerging-market currency rallies this year.
French unemployment unexpectedly rose to the highest level in five years, adding to signs the euro area’s second largest economy was already on a weak footing when the Iran war began.
Rolls-Royce is planning to sell euro-denominated debt for the first time since 2020 as it seeks to buffer its business against the impact of the Middle East war.
The European Central Bank said burgeoning private markets could support a push by politicians in the region to channel savings into investments needed to modernize the economy.
A Romanian political crisis is once again testing the country’s managed float currency regime, with the central bank allowing the leu to weaken to record lows this week.
Alphabet Inc. has kicked off its latest megabond deal as it returns to the euro market just months after selling nearly $32 billion of dollar, sterling and Swiss franc-denominated notes.
