Tag Archives: ECB

Euro and sterling rally after ECB, BOE hold rates

The euro rallied sharply against a broadly weaker US dollar on Thursday, reaching a one month high after the European Central Bank kept interest rates on hold at its monetary policy meeting today. Helping accelerating gains was a speech by ECB president Mario Draghi after the meeting. EUR/USD hit 1.3188 during late European trading and going into the US session, the pair’s highest since May...

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June 6, 2013 @ 3:02 pm

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Euro rally short-lived as euro zone concerns weigh

The dollar was little changed against the euro on Tuesday as investors preferred stocks, with the Dow Jones hitting yet another record high today, breaking above 15,000 points. EURUSD traded around $1.3084 in the US session . Official data released earlier showed that factory data blew past expectations for a 0.5 percent decline and rose 2.2 percent in March. However further gains for the...

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May 7, 2013 @ 8:16 pm

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Gold climbs higher after ECB cuts rates

Gold made over $20 in gains after being boosted on Thursday on news that the European Central Bank continues with stimulus measures and cut the main interest rate to 0.50 percent from 0.25 percent. Gold for June delivery has recovered quite a bit of recent losses and climbed to a high of $1,478 by early European session trading on Friday, up over $21, or 1.5 percent. It had posted a decline of...

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May 3, 2013 @ 7:58 am

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Euro plunges after Draghi said ECB may introduce negative interest rates

The euro plummeted by over 1 percent to $1.3060 after the European Central Bank President Mario Draghi mentioned at the post-ECB policy meeting press conference that the bank was willing to take the unprecedented step of implementing negative interest rates. Such a move essentially entails bringing the deposit rate below zero and charging euro zone banks to hold their funds with the ECB....

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May 2, 2013 @ 8:58 pm

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