The ECB has reiterated its commitment to introducing a digital euro, spurred in part by recent executive order by President Donald Trump.

The European Central Bank (ECB) has highlighted the need for a digital euro to address competition from dollar-backed stablecoins promoted by US President Donald Trump. ECB board member Piero Cipollone underscored this point during a conference in Frankfurt,

The ECB has reinforced its push for a digital euro in response to Trump’s executive order promoting US dollar-backed stablecoins.

According to the CME FedWatch tool, the Fed is certain to keep interest rates unchanged in the range of 4.25%-4.50%. Investors will pay close attention to Fed Chair Jerome Powell’s press conference to determine whether policymakers are comfortable with Trump’s call for immediate rate cuts.

In an exclusive interview with Euronews on Wednesday, European Council President António Costa said the territorial integrity of Denmark is an "essential issue" for the European Union. #EuropeNews

The European Central Bank meets on Thursday for the first time since Donald Trump returned to office, leaving U.S. tariff threats looming over the euro zone's sluggish economy and potentially complicating the economic outlook.

President Trump took a hardline stance against an American CBDC—but now the European Central Bank is even more eager about a digital euro.

The global economy is on edge as U.S. President Donald Trump's proposed tariffs ripple across financial markets, sparking volatility and shifts in currency values. The U.S. dollar – which had recently reached a two-year high earlier this month – has shown signs of weakness amid investor uncertainty and fallen to a two-week low,

In his first week as US President, Donald Trump’s crypto policies reportedly drew the attention of a European Central Bank official, encouraging the development of a digital euro.

Euro zone banks need a digital euro to respond to U.S. President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday.

The European Union's central bank is reportedly pushing for a digital euro to counter US President Donald Trump's embrace of dollar-pegged private sector stablecoins.

"The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar."