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ECB Hints At Further Easing, Stocks Rally
Thursday, November 6, 2014 - 10:26am | 213While the European Central Bank left rates and policy unchanged, it was the comments from Bank President Mario Draghi that the ECB remains fully committed to further stimulus if needed to support the European economies. Draghi was unanimous in a commitment to use unconventional instruments within...
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Euro Steady As ECB Meeting Approaches
Wednesday, November 5, 2014 - 10:17am | 309The euro was steady above $1.25 after a roller coaster day on Tuesday, which ended on a high. The common currency traded at $1.2551 at 7:00 GMT after news that the European Central Bank's governing council was at odds over the direction of policy. Early in the day on Tuesday, the euro was...
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ECB Open To Expanding Its Bond Buying Program
Wednesday, October 22, 2014 - 9:16am | 321The euro was steady at $1.2707 on Wednesday morning after falling considerably on Tuesday on speculation that the European Central Bank may expand its bond buying program. The common currency has been under pressure recently as poor economic data coupled with the ECB's easy money policies...
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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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Draghi Pledges Further Easing
Friday, October 10, 2014 - 9:09am | 347The euro looked likely to finish the week on a loss after European Central Bank President Mario Draghi said he was willing to do more to help stimulate the eurozone economy if need be. The common currency traded at $1.2681 at 7:00 GMT as investors saw Draghi’s remarks as a sign that some...
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Euro Down To $1.25 As Dollar Rises
Monday, October 6, 2014 - 7:05am | 309The euro began the week slightly higher after falling Friday to a more than two-year low. The common currency traded at $1.2539 at 8:00 GMT as data from the eurozone and the United States highlighted the growing disparity between the two central banks’ policies. Last week, eurozone data...
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Benzinga Weekly Preview: Global Economy In Focus
Sunday, October 5, 2014 - 5:53pm | 1653This week, the global economy will be in focus as central bankers from around the world meet in the U.S. to discuss their policies. European Central Bank President Mario Draghi will also deliver a much anticipated speech that markets will be watching closely for any indication about his plans...
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Euro Steady Following ECB Meeting
Friday, October 3, 2014 - 7:12am | 325The euro settled below $1.27 on Friday morning after jumping to a seven-month high on Thursday following the European Central Bank’s policy meeting. The common currency traded at $1.2646 at 7:30 GMT after the bank did not suggest that any type of quantitative easing program was on the...
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Euro Begins The Week Below $1.27 With ECB Meeting In Focus
Monday, September 29, 2014 - 8:52am | 319The euro was below $1.27 to begin the week as investors kept a close eye on the eurozone with the European Central Bank’s policy meeting coming up on Thursday. The common currency traded at $1.2680 at 4:00 GMT as investors wondered how the ECB would respond to the region’s...
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Euro Set To Finish The Week Above $1.27
Friday, September 26, 2014 - 8:04am | 331The euro made its way back above $1.27 to finish the week after plunging to its lowest level since November of 2012 on Thursday. The common currency traded at $1.2748 at 8:00 GMT on Friday morning as the region’s economic trouble continued to weigh. Meanwhile the dollar has been...
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Following Poor Eurozone Data, Euro Drops To 14-Month Low
Thursday, September 25, 2014 - 7:14am | 329The euro fell to a 14-month low on Thursday morning following poor data out of the eurozone and more promises from European Central Bank President Mario Draghi. The common currency traded at $1.2735 at 7:20 GMT while the dollar continued to climb as Fed and ECB policies continued to diverge....
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Mario Draghi Says He Is Willing To Do More
Tuesday, September 23, 2014 - 6:59am | 355The euro was steady at $1.2858 at 7:45 GMT on Tuesday morning after falling to a 14-month low on Monday as markets saw the European Central Bank’s policies diverging from those of the Fed. On Monday, European Central Bank President Mario Draghi expressed his willingness to act in order to...
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Euro Slumps Below $1.30 On ECB Decision
Friday, September 5, 2014 - 8:29am | 327The euro traded steadily below $1.30 to finish the week after plummeting to a 14-month low on Thursday following the European Central Bank’s policy meeting. The common currency traded at $1.2935 at 5:00 GMT on Friday morning after the region’s central bank unexpectedly elected to...
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Market Moving Data Ahead: Options Outlook For The Week Of September 1
Tuesday, September 2, 2014 - 9:44am | 765Last week was bullish overall, but it reflected the year's lightest trading volume, and markets moved both up and down on small triggers. This week volumes are expected to rise; however, stability may not follow. This week brings data and events that could move the busier markets in volatile...
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Euro Above $1.32 With Inflation Data To Come
Thursday, August 28, 2014 - 7:45am | 341The euro made its way above $1.32 on Thursday morning with inflation data due out on Friday. The common currency traded at $1.3201 at 7:55 GTM as investors questioned whether the panic about next week’s ECB meeting was warranted. Ever since European Central Bank President Mario Draghi...