The euro is about to get a new member. What does that mean? - Bulgaria has the green light to become the 21st member of the European Union's currency union ...

European Union officials gave the green light on Wednesday for Bulgaria to become the 21st member of the euro currency union, a key EU project aimed at deepening ties between member countries. View on ...

Well, the short story is the euro. The slightly longer version is ... It's a lot easier to cut one price (the exchange rate) than it is to cut millions of prices (people's wages).

The Euro to Dollar exchange rate (EUR/USD) trended positively on Tuesday as currency investors reacted to an above-expected PPI jump of 5%, eclipsing July’s 4% stat. This saw EURUSD climb to US$ ...

It means that people need to put up fewer dollars in exchange for other currencies. At the beginning of the year, for instance, it would take $1.13 to buy one euro, compared to just $1 now.