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The weakening euro against the US dollar adds further complications for the European Central Bank (ECB) by exacerbating inflationary pressures through increased import costs. While central banks claim not to target specific exchange rates, stemming the euro’s decline proves challenging due to the powerful forces bolstering the dollar. The Federal…

At the start of 2021, the pound was approximately 15% weaker against the euro than before the June 2016 UK European Union membership referendum. Sterling was also 20% weaker than in December 2015 when the EU Referendum Act received Royal Assent. Brexit has significantly impacted exchange rate volatility and the…

Turkey recently adjusted its customs regulations, lowering the tax-free limit for individual purchases from abroad via courier or postal services from 150 euros to 30 euros. This change, effective August 21st, raises the question: “30 euro sınırına vergi dahil mi?” – Is the 30 euro limit inclusive of tax? The…

A 14-year-old teenager was shot near Club Euro in Fort Lauderdale, Florida, early Thursday morning. The incident occurred around 1:30 a.m. near Southwest Second Street and Nugent Avenue, just 30 minutes after an all-ages event concluded at the club. Fort Lauderdale Police were already in the area due to the…

The euro experienced significant turbulence in 2022, reaching a 20-year low against the US dollar. Breaking parity for the first time in two decades, the EUR/USD exchange rate fell from $1.137 at the start of the year to a low of $0.960 in September. While a late-year recovery pushed the…

You must declare amounts on your US tax return in US dollars. This requires converting foreign currency into US dollars if you earn income or incur expenses in a foreign currency. Generally, use the prevailing exchange rate (the spot rate) on the date of the transaction. However, there’s an exception…

The Euro and the US dollar are two of the most traded currencies in the world. Their relative values fluctuate constantly, influenced by a multitude of economic and political factors. Understanding these factors can help investors and businesses make informed decisions. Interest rate differentials play a significant role in the…