At 6:00 PM (Lisbon time), the euro was trading at 1.1790 dollars, compared to 1.1770 dollars at the same time on Tuesday.
The euro also strengthened against the pound and the yen.
The European Central Bank (ECB) set the euro reference exchange rate at 1.1755 dollars.
During today’s session, the euro fluctuated between 1.1748 and 1.1809 dollars.
The ECB will conduct a new stress test on banks in 2026 to assess the financial institutions’ preparedness for cyberattacks.
Patrick Montagner, a member of the ECB’s Supervisory Board, announced in Frankfurt today that the exercise will involve other institutions such as the European Banking Authority (EBA) and the Single Resolution Board (SRB).
Speaking at a conference organized by the rating agency Fitch and the consultancy PwC Strategy&, Montagner mentioned that in 2023 and 2024, the ECB had already conducted simulations to test its own resilience to cyberattacks, as well as that of the national central banks in the euro area, other national authorities, and commercial banks.
Between January and July of last year, the exercise covered 109 credit institutions, of which 28 underwent “more exhaustive tests,” according to the central bank led by Christine Lagarde.
Exchange Rates…………..Today…………..Tuesday
Euro/Dollar…………..1.1790……………..1.1770
Euro/Pound……………0.86483…………….0.85744
Euro/Yen………………..169.44…………….169.12
Dollar/Yen……………..143.72…………….143.74
