Barcelona is a city in Spain. The currency Barcelona uses is the Euro. There are 7 Euro notes, in denominations of 500, 200, 100, 50, 10 and 5. There are 8 Euro coins in denominations of 2 and 1 Euros and 50, 20, 10, 5, 2 and 1 cents.

The Peseta was converted to the Euro on 1st of January 2002 and it is still possible to convert the Peseta into Euros at national central banks. One Euro = 166.386 Pesetas.
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The Euro has been pushed upwards by chart driven Forex investors following the upward trend and also by Forex investors re-evaluating their interest rate expectations for the region and buying more Euro’s to invest in European assets.

In other news the Bank of England’s (BoE) inflation report contributed to pressure on the GBP as the Forex market reduced its interest rate expectations. The BoE expects inflation to drop below the desired 2% annual CPI over the next 12 months. The GBP fell briefly as the inflation report was released, but quickly recovered to stabilize about 1.95.
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Expectations continue to build that the Federal Reserve will pause its rates tightening cycle in August, this will result in Forex traders cutting their long USD positions.

The latest release of minutes from the Federal Open Market Committee meeting (FOMC) revealed that Fed officials are uncertain about the future interest rate direction and are concerned about short term inflation.

Forex Investors reacted to the release of minutes from the FOMC by continuing to reduce their USD holdings, this saw the Euro rise to a high of 1.2650 USD overnight from 1.2590.
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The USD drifted higher against major rivals as dealers monitored the outlook for interest rates, while the GBP also weakened on news that a Bank of England policymaker had suddenly died.

The Euro fell to 1.2637 dollars in early European trading from 1.2659 dollars late on Wednesday in New York.

The USD climbed to 115.14 yen from 114.86 yen on Wednesday.

In Asian trading, the USD had extended losses ignited Wednesday after European Central Bank chief Jean-Claude Trichet raised expectations for further rate increases in the eurozone.
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The USD extended losses on Wednesday after a higher-than-expected reading of U.S. inflation for May did little to dispel uncertainty about interest rate increases beyond an expected hike in late June.

After seven consecutive sessions of gains in the dollar against the Euro, traders trimmed their positions after the Consumer Price Index data cemented the chances of a June Fed rate hike but shed little light on policy moves beyond that.
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On Thursday, June 8, Russia became the latest in the list of countries that shifted a part of its Central Bank reserves from the USD. Sergei Ignatyev, chairman of the Central Bank, said that only 50 percent of its reserves are now held in dollars, with 40 percent in Euro and the rest in GBP. Earlier it was believed that just 25-30 percent of Russia’s reserves were held in Euros, with virtually all the rest held in dollars.
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The USD extended a recovery on Tuesday from one-year lows against the Euro after Federal Reserve Chairman Ben Bernanke’s pledge to stay vigilant against inflation left the door open for another interest rate rise later in June.
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In the past few days we have seen a bearish scenario develop slowly in the EUR/USD and GBP/USD pairs. The USD rallied mostly on Wednesday as both French and Germany’s economy ministry agreed that an ongoing rise in the euro could harm exports. French Finance Minister Thierry Breton even went further by saying that “everything” must be done to prevent the Euro from strengthening too much against the dollar which may include an intervention by European central bank (ECB) to move in to the market and weaken the single currency.
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