Search Results for: European Central Bank
More pressure for Australian dollar after rollercoaster 24 hours
October 10th, 2014
The Australian dollar came under renewed pressure on Friday after a relatively stable week during which it settled into a new comfort zone between US86.50¢ and US88.50¢. Late in the local session, the Aussie was trading at US87.71¢, compared ...
Democracy or Idiocracy?
October 9th, 2014
In Cyprus, we live in a democracy characterised by government by the people and/or their elected representatives: constitutional guarantees, free and fair elections, a parliament of elected members, separation of legislature and the executive, an independent judiciary, and so ...
Asia shares stumble, oil skids to 27-mth lows
October 8th, 2014
Asian share markets were mostly in the red on Wednesday as worries about waning global growth lifted safe-haven bonds, while shoving oil prices to their lowest in more than two years. Extending a three-month-long decline, Brent oil sank $1.18 ...
Dollar Is 0.2% From 2-Year High on Policy Divergence Bets
October 6th, 2014
The dollar was about 0.2 percent from a two-year high versus the euro as U.S. job gains highlighted the divergence in monetary policy between the Federal Reserve and the European Central Bank. The euro weakened versus higher-yielding currencies as ...
Draghi’s Buying Spree for the ECB Might Start Modestly
October 2nd, 2014
When Mario Draghi writes his first check to pay for asset purchases, he might not use much ink. While the European Central Bank president pledged to start a program this month to buy asset-backed securities and covered bonds, initial ...
Asia down as Ebola scare hits Wall St., dollar rally on pause
October 2nd, 2014
Japanese stocks were knocked hard on Thursday as weak global manufacturing activity and an Ebola health scare in the United States spooked world markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold. The gloom ...
Draghi Devaluing Euro Cheers ECB as Inflation Seen Fading
September 29th, 2014
Mario Draghi’s strategy for reviving the euro area looks like devaluation. While the European Central Bank president says the exchange rate isn’t a policy target, officials aren’t secretive about their approval of the currency’s 9% slide. The depreciation increases ...
Dollar broadly stronger as Hong Kong unrest caps stocks
September 29th, 2014
The dollar hit its highest in almost two years against the euro with German inflation data expected to keep pressure on the ECB to ease monetary policy further, while unrest in Hong Kong hurt Asian-exposed European shares. The dollar ...
Draghi: Euro’s Level in Alignment with Monetary Policies
September 25th, 2014
The euro’s depreciation is in line with the divergence of monetary policies around the world, European Central Bank President Mario Draghi said. “The exchange-rate movement reflects the different path of monetary policies in Europe versus the monetary policies in ...
Mario Draghi: ECB should Become More Active
September 23rd, 2014
Mario Draghi says he won’t sit back and wait for stimulus to reach the economy. The European Central Bank president said a planned asset-purchase program shows that policy makers will steer the size of the institution’s balance sheet to ...
