Political instability in Spain and France has driven the euro to its lowest level against the dollar in 17 months, with French bond yields near record highs.

The euro fell to its lowest point since May 2025, reaching $1.12, driven by fears over France's budget deficit and persistent US inflation.

Political gridlock in France and an energy crisis have pushed the euro to a 17-month low, while U.S. Treasury yields drive the dollar up to an 18-month high.

This article examines the engagement of North Korea in the Eurocurrency market in the 1970s. In the Cold War regime competition for economic prosperity, the communist regime turned to the City of L...

The European Central Bank (ECB) is working on a digital version of the euro, a project started back in 2020 that is coming closer to fruition as the enabling EU legislation progresses. The ECB has designed a digital equivalent of cash, aimed at complementing physical euros for day-to-day payments. Its approach may be compared and contrasted with the US Federal Reserve’s reluctance to introduce a digital dollar and with the People’s Bank of China’s definition of the digital yuan largely as a bank deposit. Has the ECB’s rationale for the digital euro evolved over time, from a response to tech challengers, such as Facebook’s Libra project in 2019, towards a more geoeconomic motivation of reducing critical dependency on non-EU payment service providers? What are the main features of the digital euro as currently considered? When will it be concretely introduced, and what are the risks and opportunities in Europe and globally? HOST Nicolas Véron Senior Fellow, Peterson Institute for International Economics (PIIE) GUEST Piero Cipollone Member of the Executive Board, European Central Bank For more information, visit: https://www.piie.com/events/2026/implementing-digital-euro-project Sign up to get notices of upcoming episodes of the “What Now, Europe?” podcast: https://clicks.piie.com/what-now-europe Follow the Peterson Institute for International Economics on social media! Twitter: https://twitter.com/piie LinkedIn: https://www.linkedin.com/company/piie Bluesky: https://bsky.app/profile/piie.com

What the Euro?! is our new podcast series about how the euro and our decisions shape your day-to-day. The first episode is out now! ❗ Disclaimer: we actually like working together and we had lots of fun producing this video!

Insights on general approach of Appia and how to be involved | Focus Session - Appia Roadmap for shaping the European tokenised financial ecosystem. The Eurosystem is committed to continue its collaboration with the market as Appia advances. Learn more about the general approach of Appia and the building blocks that will be developed, how public and market stakeholders will support and advance analytical and practical work and how work on relevant standardisation activities in this field will be supported. Find out how you can provide feedback and express your interest in contributing to the forthcoming work on Appia. Paul Gardin, Market Infrastructure Expert, ECB Gergely Koczan, Team Lead, ECB #ECBFocusSession #MarketInfrastructure

Overview on Appia roadmap | Focus Session - Appia Roadmap for shaping the European tokenised financial ecosystem. The Appia roadmap sets out how the Eurosystem will shape the development of a European tokenised financial ecosystem. Gain insights on the objectives for pursuing this roadmap, the design principles and the timeline for this journey. Holger Neuhaus, Head of Division, ECB #ECBFocusSession #MarketInfrastructure

Welcome address | Focus Session - Appia Roadmap for shaping the European tokenised financial ecosystem. Explore the Eurosystem’s programme on tokenised wholesale central bank money that is paving the way for a future-ready, integrated financial ecosystem leveraging tokenisation and distributed ledger technology (DLT) and how it shapes the development of a European tokenised financial ecosystem. Learn more about how this strategic initiative brings together the Eurosystem as well as public and private sector stakeholders, with the aim of building integrated, innovative and resilient tokenised wholesale financial markets in Europe. Thomas Vlassopoulos, Director General, ECB #ECBFocusSession #MarketInfrastructure

Closing Remarks | Focus Session - Appia Roadmap for shaping the European tokenised financial ecosystem. Dimitri Pattyn, Deputy Director General, ECB #ECBFocusSession #MarketInfrastructure

Focus Session (virtual) - Wholesale central bank money: Appia Roadmap for shaping the European tokenised financial ecosystem.

Focus Session (virtual) - Wholesale central bank money: Appia Roadmap for shaping the European tokenised financial ecosystem.