EUR/USD hits 14-month low, after ECB cuts rates and announces asset purchasing program to stave off deflation
The euro slumped to a 14-month low against the US dollar, after the ECB reduced interest rates and announced its upcoming assets purchasing program aimed at fighting the looming deflation threat. The euro hit a More...
The ECB slashed rates to record lows in its battle against the deflation threat and the weakening euro zone economy
The European Central Bank decreased all of its three main interest rates; it added a couple of new stimulus programs, the ABS and the CBPP, to its arsenal in its epic fight against lowering inflation and the staggering More...
A short covering rally or further euro weakness – the ECB has the final say
Thursday’s ECB meeting is the most keenly awaited event on the calendar today; expectations are set high for further stimulus, so there is plenty of room for disappointment. The European Central Bank policy meeting More...
Commodities stay calm at the beginning of a week busy with central banks meetings
Excess volatility was absent on the commodities market on Monday, in the start of a week busy with central banks meetings. At the beginning of a busy week commodities moves were just scant. In addition to economic More...
Factors impacting major currencies explained: Part 1, the EURO
The eurozone comprises 18 countries, which have adopted the euro as their national currency: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the More...
Gold gains amid tensions in Ukraine and Middle East, against strengthening dollar and US economy
Gold gains for a second day, amid conflicts raging in Ukraine and in the Middle East; meanwhile the dollar extends its rally against the euro, on diverging monetary policy paths of the ECB and the Fed. It was a More...
The euro slumped to one-year low on ECB additional liquidity measures expectations
The euro slides further south on bets the European Central Bank is about to take further steps to support the euro zone economy. Last week the ECB Governor, Mario Draghi, stated the central bank was ready to take More...
Dollar firmed further against the euro and the yen on Monday
The dollar index continued its steep ascent on diverging policy paths of the Fed, on one side, and the ECB and BOJ, on the other. The dollar soared against the euro and the yen on Monday, following investors’ More...
Fed Chair Yellen advises wariness on timing of interest rate hike, ECB Draghi expresses bank readiness to act
Janet Yellen said at the Jackson Hole gathering that the Fed should be careful with the timing of interest rate hikes, given the state of the US labor market; ECB Mario Draghi stated readiness to use all available More...
Jackson Hole meeting this week expected to yield clues on monetary policy outlook
At the Jackson Hole meeting, central bankers and distinguished economists will discuss labor market developments and the near-term path of monetary policy. The annual gathering of top central bankers and eminent More...
