Bloomberg The European Central Bank (ECB) is closely monitoring the euro’s strengthening against the US dollar, Governing Council member Olli Rehn told Germany’s Boersen-Zeitung. While the ECB doesn’t target the exchange rate, “that does not mean that the appreciation is not important,” as it leads to a loss of competitiveness and affects the outlook for growth and inflation, Rehn, the ...

Bloomberg Bitcoin, the world’s largest cryptocurrency, topped $34,000, just weeks after passing another major milestone. The currency gained as much as 7.8% to $34,182.75, before slipping to about $33,970 in Singapore. It advanced almost 50% in December, when it breached $20,000 for the first time. The latest gains top an eye-popping rally for the controversial digital asset in 2020, which ...

Bloomberg Sweden’s government will start exploring the feasibility of having the country move to a digital currency, marking another step into the unknown for the world’s most cashless society. Per Bolund, financial markets minister, said a review is expected to be completed by the end of November in 2022. Anna Kinberg Batra, a former chairwoman of the parliament’s finance committee, ...