The euro’s relentless rally stalled on Tuesday as US data failed to support an imminent interest-rate cut by the Federal Reserve, prompting traders to buy the dollar.

The European Central Bank is phasing out the 500 euro banknote because it has become too intertwined with criminal activity. ... 500 euro bill is being killed off Alanna Petroff.

The 500 euro bill could soon be kaput. European Central Bank president Mario Draghi made strong statements Monday indicating he is seriously considering phasing out the 500 euro banknote because ...

Read more: Digital Euro: The Bill Is Ready but Politicians Aren’t Convinced UPDATE (June 28, 11:15 UTC): Adds quotes from Commissioner Mairead McGuinness, and from the ECB.

The 500-euro bill is being discontinued after criticism that the banknote had become a handy aid to money laundering. The European Central Bank’s 25-member governing council made the decision at ...

Digital Euro: The Bill Is Ready but Politicians Aren’t Convinced A plan to legislate for the central bank digital currency may still be on track for publication, but there is still significant ...

The euro hit its highest against the dollar since September 2021 at $1.1780. It was last up 0.45% and set to gain about 3.8% for the month. The single currency has gained about 14% against the ...

But the euro symbol is falling apart and it will cost a lot of euros to fix. In the center of the eurozone’s financial capital stands a 46-foot-tall icon of the common currency.

This marks the beginning of the end of the 500 euro bill. The European Central Bank announced Wednesday that it will phase out the 500 euro banknote because of concerns that this banknote “could ...