archiveECON

Currencies

Dollar holds firm ahead of US durable goods, housing data

TOKYO, June 27 (Reuters) - The U.S. dollar held firm against major currencies on Tuesday as tension simmered in Russia and traders looked ahead to U.S. data that may determine the timing of further interest rate hikes.Russian President Vladimir Putin said on Monday he let an aborted mutiny go on as long as it did to avoid bloodshed, a crisis that pushed the dollar to a 15-month high against the rouble.The dollar index fell 0.22% to 102.510, paring a 0.46% gain on Monday.The Russian rouble weakened 0.41% versus the dollar...
Funds

Romania has strong pool of renewable energy, transport projects for EU funds, European Investment Bank official says

BUCHAREST, June 22 (Reuters) - Renewable energy and transport infrastructure led a surge of projects vying for European Union recovery funds in Romania, where the government's capacity to tap funding has increased, a European Investment Bank (EIB) vice president said on Thursday.Romania stands to get up to 30 billion euros ($32.87 billion) worth of grants and loans until 2026 out of the EU's 724 billion euros Recovery and Resilience Facility (RRF), designed to help economies' post-pandemic rebound.Within central Europe, where Poland and Hungary are still struggling to unlock the funds,...
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