Tag Archives: ECB

Euro zone jobless rate hits record high

Economic data from the euro zone on Tuesday made a stronger case for the European Central Bank to lower the benchmark interest rate at its next policy meeting on Thursday. There is growing speculation that the central bank will cut the rate by at least 25 basis points to 0.5 percent in an effort to stimulate the sluggish euro zone economy which has slipped into its second recession since...

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April 30, 2013 @ 9:39 am

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Euro jumps after Draghi press conference

The euro surged versus the dollar after European Central Bank President Mario Draghi’s press conference on Thursday. EURUSD jumped to a high of $1.3115. The single currency had been rising from $1.3023 after the ECB announced it left interest rates on hold at 0.75 percent. The markets reacted positively to Draghi’s press conference despite being initially downbeat on the economic outlook...

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March 7, 2013 @ 2:54 pm

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Euro and sterling weaker versus dollar; ECB, BOE in focus

The US dollar remains firm against both the euro and sterling on Monday as downside risks in Europe and UK have increased considerably especially ahead of the European Central Bank and Bank of England policy meeting later this week.   Disappointing data out of the Euro zone today as well as from the UK should continue to fuel expectations of further easing by the two central banks. A...

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March 4, 2013 @ 12:51 pm

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Draghi says euro zone recovery remains slow

Mario Draghi reiterated weakness in the euro zone recovery during his speech at the European Parliament on Monday. The European Central Bank President said exchange rates will be monitored to see if they have an impact on growth and prices. This was in reference to the recent sharp rise in the euro. The following are highlights from questions put to him by the European Parliament...

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February 18, 2013 @ 4:20 pm

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