{"id":25511,"date":"2026-10-09T11:05:40","date_gmt":"2026-10-09T09:05:40","guid":{"rendered":"https:\/\/creandgroup.com\/?post_type=quarterly-report&#038;p=25511"},"modified":"2026-10-14T08:59:10","modified_gmt":"2026-10-14T06:59:10","slug":"the-euro-weakens-again","status":"publish","type":"quarterly-report","link":"https:\/\/creandgroup.com\/en\/quarterly-report\/the-euro-weakens-again\/","title":{"rendered":"The Euro Weakens Again"},"content":{"rendered":"<section id=\"block_55525b2f878474fc6856437671df2f70\"  data-block_55525b2f878474fc6856437671df2f70 class=\"text-img-article align w-full section-text-img-article relative block clear-both overflow-hidden mt-8 lg:mt-16\">\n    <div class=\"container\">\n\n        \n                    <div class=\"article-rows max-w-detail_container mx-auto mt-8 lg:mt-12\">\n                                     \n                                            <div class=\"article-row text-row my-6 lg:my-8  \" data-aos=\"fade-in\" data-aos-duration=\"500\" data-aos-easing=\"ease-in-out\" data-aos-once=\"true\">\n                            <div class=\"article-row-col w-full \"><p>El tipus de canvi entre l<span class=\"quote-mark\">\u2019<\/span>euro i el d\u00f2lar (EUR\/USD) va sortir del rang de cotitzaci\u00f3 en qu\u00e8 s<span class=\"quote-mark\">\u2019<\/span>havia mogut des de principis d<span class=\"quote-mark\">\u2019<\/span>any a finals de setembre i va caure amb for\u00e7a, ja que diversos factors macroecon\u00f2mics adversos van pressionar a la baixa la moneda \u00fanica.<\/p>\n<p>Els preus de l<span class=\"quote-mark\">\u2019<\/span>energia han continuat augmentant, sense que es vegi encara cap sortida al conflicte amb l<span class=\"quote-mark\">\u2019<\/span>Iran. No nom\u00e9s l<span class=\"quote-mark\">\u2019<\/span>estret d<span class=\"quote-mark\">\u2019<\/span>Ormuz continua pr\u00e0cticament tancat, sin\u00f3 que els rebels houthis tamb\u00e9 han atacat les rutes alternatives de transport de petroli de l<span class=\"quote-mark\">\u2019<\/span>Ar\u00e0bia Saudita. Com a resultat, el preu del cru ha tornat a superar els 100 d\u00f2lars per barril. Els consumidors i les empreses europeus estan patint de ple l<span class=\"quote-mark\">\u2019<\/span>impacte d<span class=\"quote-mark\">\u2019<\/span>aquest augment desmesurat dels costos de l<span class=\"quote-mark\">\u2019<\/span>energia, cosa que podria posar en risc el creixement econ\u00f2mic de la regi\u00f3.<\/p>\n<p>Davant la persist\u00e8ncia de les pressions inflacionistes, el Banc Central Europeu va tornar a apujar els tipus d<span class=\"quote-mark\">\u2019<\/span>inter\u00e8s al setembre i va mantenir una postura clarament restrictiva. Tot i que uns tipus d<span class=\"quote-mark\">\u2019<\/span>inter\u00e8s m\u00e9s elevats normalment afavoririen l<span class=\"quote-mark\">\u2019<\/span>euro, una Reserva Federal m\u00e9s restrictiva del que s<span class=\"quote-mark\">\u2019<\/span>esperava va permetre que el d\u00f2lar s<span class=\"quote-mark\">\u2019<\/span>enfort\u00eds amb for\u00e7a davant de la majoria de les principals divises.<\/p>\n<p>A aquests factors s<span class=\"quote-mark\">\u2019<\/span>hi afegeixen les incerteses pol\u00edtiques dels principals pa\u00efsos de la zona euro. La coalici\u00f3 de centredreta d<span class=\"quote-mark\">\u2019<\/span>Alemanya, liderada pel canceller Friedrich Merz, afronta una impopularitat sense precedents, acompanyada de derrotes importants en les eleccions regionals. Alhora, Fran\u00e7a afronta una greu crisi pressupost\u00e0ria en un Parlament fragmentat i inestable, on els governs successius no han aconseguit aprovar mesures d<span class=\"quote-mark\">\u2019<\/span>austeritat en un context de deute p\u00fablic r\u00e8cord i nombroses protestes internes.<\/p>\n<p>En definitiva, el tipus de canvi entre l<span class=\"quote-mark\">\u2019<\/span>euro i el d\u00f2lar (EUR\/USD) reflecteix la fortalesa econ\u00f2mica relativa, els diferencials de tipus d<span class=\"quote-mark\">\u2019<\/span>inter\u00e8s i l<span class=\"quote-mark\">\u2019<\/span>estabilitat pol\u00edtica dels Estats Units i de la zona euro. A curt termini, els EUA tenen clarament l&#8217;avantatge.<\/p>\n<\/div>\n                                                    <\/div>\n                    \n                                     \n                                            <div class=\"article-row text-row my-6 lg:my-8  \" data-aos=\"fade-in\" data-aos-duration=\"500\" data-aos-easing=\"ease-in-out\" data-aos-once=\"true\">\n                            <div class=\"article-row-col w-full \"><p><sub>Date of report: October 9th of 2026<\/sub><\/p>\n<\/div>\n                                                    <\/div>\n                    \n                            <\/div>\n        \n    <\/div>\n<\/section>\n\n<style>\n    .section-text-img-article .article-media :is(img, video) {\n        width: 100%; height: auto; max-height: 519px;\n        object-fit: contain; display: block; margin: 0 auto;\n    }\n    .section-text-img-article .article-media :is(.wp-video, .wp-video-shortcode) {\n        width: 100% !important; height: auto !important; 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