Ewald Nowotny

The euro made its way above $1.36 to begin the week after a modest drop on Friday following dovish comments from European Central Bank President Mario Draghi. The common currency traded at $1.3607 to kick off a busy week for eurozone economic data. According to Reuters, Mario Draghi told a Dutch...

The euro was steady at $1.3758 at 5:30 GMT on Tuesday morning as investors looked to the European Central Bank for more clarity about the region’s future monetary policy. The common currency suffered heavy losses last week after ECB President Mario Draghi indicated that the bank was planning to...

The euro climbed on Tuesday after comments from European Central Bank members reduced expectations of further stimulus in May. The common currency traded at $1.3741 at 4:45 GMT as the dollar struggled with disappointing jobs data weighing on the value. Although Friday's US non-farm payrolls...

The euro slumped against the dollar on Wednesday after German data on Tuesday came in weaker than expected. The common currency slipped below $1.35 and traded at $1.3473 at 6:30 GMT on Wednesday morning. Reuters reported that the German business climate index came in at a 17 month high, but was...

With the Fed taper heavy on investors’ minds, central banks in emerging economies are struggling to fund growth and pay off debts. As their currencies tumble central banks in Brazil, Turkey and Indonesia are working to stabilize their economies using fiscal policy. Top News In other...

Futures Slightly Lower Ahead of Non-Farm Payrolls U.S. equity futures traded slightly lower ahead of the Employment Situation Report early Friday as Japanese shares continued to approach bear market territory. The Nikkei Index briefly traded in bear market territory, meaning the index declined 20...

The European Central Bank is set to release its interest rate decision next week on Thursday, May 2. However, economists are already talking about a potential rate cut. No less than 10 banks have released notes in the past 24 hours calling for a rate cut, following the weaker than expected German...

Futures Higher Following Asian, Yen Strength U.S. equity futures rose sharply pre-market following strength abroad overnight as Asian and European shares rallied alongside the yen slide. Yen weakness was a key driver of the risk-on environment as the USD/JPY closed in on the key 100 level once...

U.S. equity futures fell in early Monday trading as Hurricane Sandy forced the New York Stock Exchange and the NASDAQ Exchange to close due to weather for the first time in 27 years. The storm threatens the entire Eastern seaboard and will dump rain from Maine to Delaware. Top News In other news...