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...
German PMI results in an anemic euro bounce, while the Norwegian crown surges on strong GDP
Despite the resilience of the German economy, the euro zone picture has not become brighter, which dooms the euro to underperform in the mid-term. Better than expected German Services and Manufacturing PMI data More...
Euro calm awaiting the ECB meeting; Aussie hammered by a surge in unemployment rate
The EUR/USD traders are holding their breath ahead of the ECB meeting today; the Aussie slides on soft labor market figure. The euro remained calm some 50 pips above its nine-month trough ahead of the ECB policy More...
French finance minister raises the question of boosting the euro use in international transactions
Promoting the use of the euro in international transactions is not “a fight against dollar imperialism”, but a matter of “global balance”, Michael Sapin said. French Finance Minister, Michael Sapin, stressed More...
