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Why ECB Action Is Likely On The Horizon
Monday, December 1, 2014 - 8:24am | 370The euro was steady at $1.2448 at 8:00 GMT on Monday morning with the European Central Bank’s Thursday meeting in focus. The common currency has been weighed down by the prospect of more easing from the bank, though its governing council may be too divided to make a move this month. Data...
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Euro Steady Ahead Of Economic Data This Week
Monday, October 20, 2014 - 8:31am | 333The euro began the week trading steadily at $1.2757 at 7:00 GMT on Monday morning. The common currency could be in for another fall if the region’s recovery continues to decline as investors lose confidence. Despite its best efforts, the European Central Bank has been unable to pull the...
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Euro Steady Above $1.26 After Draghi Promises Recovery
Monday, October 13, 2014 - 7:54am | 328The euro was steady at $1.2655 at 7:00 GMT on Monday after a week of disappointing data from the bloc’s largest economy. Germany, normally the eurozone’s growth engine, posted disappointing manufacturing, industrial output and export data in the week ending on October 10. Despite...
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Jens Weidmann Critical Of ECB's Stimulus Plan
Wednesday, October 8, 2014 - 8:33am | 327The euro traded steadily above $1.26 on Wednesday following the International Monetary Fund’s decision to downgrade their forecast for the eurozone economy. The common currency traded at $1.2652 at 8:40 GMT as the bloc continued to struggle with how to kick-start its stalling economy....
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Euro Under Pressure As Fed Meeting Approaches
Monday, June 16, 2014 - 7:34am | 351The euro began the week under pressure as the US Federal Reserve’s policy meeting approached. The common currency traded at $1.3547 at 6:00 GMT on Monday morning as investors speculated about whether or not the Fed would provide any updates on its plans to raise interest rates. The Fed...
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ECB Asks For Patience
Monday, June 9, 2014 - 8:28am | 377The euro was steady to begin the week after falling to a four month low of $1.35503 on Thursday last week following the European Central Bank’s policy meeting. The common currency traded at $1.3644 as investors took profits from short positions built up in the weeks prior to the meeting...
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Euro On The Decline After Reports That Bundesbank Is On Board To Ease
Wednesday, May 14, 2014 - 7:18am | 326The euro was under some pressure on Wednesday morning as markets became more certain that the European Central Bank would ease further at its June policy meeting. The common currency traded at $1.3717 at 5:50 GMT after hitting a five week low of $1.3688 overnight. The euro has been on the...
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#PreMarket Primer: Wednesday, May 14: Markets Surprised To Hear Bundesbank Is On Board With ECB Stimulus
Wednesday, May 14, 2014 - 7:02am | 1192Investors were surprised by reports from The Wall Street Journal which claimed that Germany’s Bundesbank is on board for more stimulus measures at the European Central Bank’s June meeting if the region’s financials warrant action. The bank, which has traditionally been at odds with the ECB over...
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Euro Remains Above $1.37 As Investors Cautiously Wait For More Data
Tuesday, May 13, 2014 - 7:46am | 368The 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...
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Euro Stumbles As ECB Hints At More Easing
Thursday, March 27, 2014 - 7:22am | 346The euro declined on Thursday after European Central Bank officials insinuated that the bank may ease further at next week's policy meeting. The common currency traded at $1.3759 at 7:25 GMT, nearly a one month low. Investors were surprised at the beginning of March when the ECB elected to...
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ECB To Face A Tough Decision At Next Week's Policy Meeting
Friday, February 28, 2014 - 8:20am | 333The euro was steady at $1.3709 on Friday morning at 7:30 GMT as worries about the uncertainty in Ukraine drove investors to safe haven currencies like the Swiss franc. However, the common currency's near term moves will depend heavily on inflation data due out later on Friday as investors look...
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Weidmann Says ECB Will Act When The Time Is Right
Tuesday, January 28, 2014 - 8:01am | 323The euro traded at $1.368 at 5:30 GMT on Tuesday morning and avoided fallout as emerging currencies continued to tumble under pressure from a slowdown in China and the possibility that the Federal Reserve will taper its asset buying program at its next meeting. The common currency has been...
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Weidmann Says Central Banks Must Shift Focus To Price Stability
Tuesday, November 26, 2013 - 8:27am | 332The euro slipped moderately on Tuesday morning as investors looked to the region's finance ministers for clues about the eurozone's financial future. Worrisome inflation data released earlier in November caused widespread concern that the region could fall into a period of deflation if the...
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ECB Rate Cut Could Boost Euro Value
Wednesday, May 1, 2013 - 7:48am | 313With the European Central Bank's monthly meeting just a day away, the euro ticked up on rate cut expectations. The common currency neared a two week high on Wednesday and traded at $1.3191. The euro has risen by about one percent since Jens Weidmann announced that a rate cut would be considered if...
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ECB Meeting Preview: Economists Expect Rate Cut, Markets Less So
Wednesday, April 24, 2013 - 10:26am | 607The 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...