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You must report amounts on your US tax return in US dollars. This necessitates converting foreign currency, like the euro, into US dollars if you receive income or incur expenses in a foreign currency. Generally, use the prevailing exchange rate (the spot rate) on the transaction date. There’s an exception…

The Euro Cup, also known as the UEFA European Championship, is one of the most prestigious international football tournaments in the world. Held every four years, it features the best national teams from Europe competing for the coveted trophy. Understanding the tournament bracket is crucial for following the progression of…

When you convert 1 euro to USD, the exchange rate isn’t just a simple mathematical equation. Banks, like Wells Fargo, set their own exchange rates which include a markup designed to cover costs, market risks, and profit margins. This means the rate you receive might differ from rates listed elsewhere.…

France defeated Portugal in a dramatic penalty shootout to secure a spot in the Euro 2024 semi-finals after a tense match in Hamburg. Theo Hernandez sealed the victory with the winning penalty after Joao Felix, a substitute, missed the only penalty of the shootout, hitting the post. French players erupted…

The euro recently experienced its 11th decline in 12 trading sessions, driven by investor anticipation of a 25 basis point interest rate cut by the European Central Bank (ECB). This expectation stems from mounting evidence of weakening economic activity within the eurozone. Recent indicators suggest a continued downturn in the…

The UEFA Euro 2024 tournament culminated in a thrilling final match between Spain and England, held in Berlin’s iconic Olympic Stadium on July 14th, 2024. Spain emerged victorious with a 2-1 victory, securing their fourth European Championship title. The tournament featured a knockout format following the group stage, with matches…

Euro 2024 has provided thrilling matches and unexpected outcomes. The group stage, ending on June 26th, will determine which 16 teams advance to the knockout rounds. The top two teams from each of the six groups, along with the four best third-placed teams, will qualify. Tiebreakers for teams with equal…