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Euro Reverses Gains As ECB Proves It Means Business
Wednesday, May 20, 2015 - 1:25pm | 368This week, comments from the European Central Bank helped reverse some of the euro's recent gains, something many say is responsible for the region's improved economic performance. The bank has been injecting cash into the struggling eurozone economy for months now, but rhetoric from the region's...
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Euro Stronger On Hopes For Better Inflation Data
Tuesday, April 29, 2014 - 7:44am | 328The euro gained some ground on early on Tuesday due to rising tension in Ukraine coupled with expectations of better inflation figures. The common currency was steady at $1.3862 at 4:45 GMT after reaching a near two-week high against the dollar on Monday. Reuters reported that the US...
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ECB Attempts To Verbally Devalue The Euro
Monday, April 14, 2014 - 7:20am | 318The euro fell slightly as the European Central Bank worked to verbally devalue the currency after last week saw it rise past $1.39. The common currency traded at $1.3855 following Saturday's news conference with ECB President Mario Draghi. Reuters reported that Draghi warned bullish investors...
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Benzinga Market Primer: Wednesday, July 10: FOMC Minutes In Focus
Wednesday, July 10, 2013 - 6:25am | 1069Futures Lower On Weak China Trade Data, Eyeing FOMC Minutes U.S. equity futures dropped slightly in early pre-market trade following some weak trade data from China for June. The world's second largest economy reported slower than expected growth in both exports and imports but a wider than...
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Benzinga Market Primer: Tuesday, May 28
Tuesday, May 28, 2013 - 6:50am | 1030Futures Surge as Global Shares Rebound U.S. equity futures rose sharply in early pre-market trade on relaxed fears of Federal Reserve tapering of easing, fears which drove markets lower last week. Eyes will be on key retail earnings and economic data in Tuesday's session for further direction as...
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Euro Strengthens On ECB Remarks
Wednesday, February 20, 2013 - 8:21am | 272The euro climbed on Wednesday morning following positive statements from a European Central Bank official. The commodity traded at 1.3424 at 7:47 GMT on Wednesday. ECB Executive Board member Joerg Asmussen told reporters that he was predicting gradual improvement within the eurozone during the...
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Benzinga Market Primer, Wednesday October 10
Wednesday, October 10, 2012 - 6:21am | 750U.S. equity futures fell in early Wednesday trading as the International Monetary Fund issued a stark warning on Europe's troubled banking sector. In a revised estimate, the group's economists believe that European banks need to sell approximately $4.5 trillion of assets, 18 percent higher than...