
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
In the euro zone cash is still preferred by consumers when it comes to making purchases, notwithstanding a great number of Western economies are quickly shifting to electronic payments. That’s what a poll issued by the European Central Bank revealed on Friday.
As follows from these figures, the euro zone happens to be one of the slowest among big Western economies in breaking up with old-school cash, trailing such countries as Great Britain, Australia, Canada and the United States.
Nearly 79% of point-of-sale transactions were carried out in cash in 2016, with the rate in Germany, the bloc's number one economy, at 80%, thus underscoring German unease as for the ECB's decision to remove 500 euro notes, a move widely considered to be a first step in drifting away from cash.
Having undergone devastating world wars as well as hyperinflation, economically conservative Germans are used to relying heavily on cash and even now still prefer traditional cash deposits.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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