Posts Tagged ‘ecb’

Euro Declines as Investors Weigh Prospects for More ECB Easing

by Forex Rooton October 22, 2014 12:18 pm BST
The euro slid for a second day against the dollar as investors weighed the prospects of additional easing policies from the European Central Bank. The shared currency also fell against the yen. A report yesterday by Reuters that the ECB was considering buying corporate debt helped send the euro tumbling by the most in a […]

Draghi’s “Whatever It Takes” Helped Save The Euro!

by Forex Rooton October 14, 2014 12:44 pm BST
ECB President Mario Draghi helped save the euro with his pledge to do “whatever it takes” as lenders prepared for a collapse of the 18-nation currency, an ECB lawyer said at a hearing. The European Court of Justice, the bloc’s highest court, is weighing whether Draghi’s ECB overstepped its powers in 2012 with the promise […]

Euro Rises As ECB Plan Failed To Provide Details

by Forex Rooton October 2, 2014 3:33 pm BST
The ECB policy makers kept the benchmark interest rate unchanged today. However, the Euro jumbed the most since May as the European Central Bank failed to provide details on the size of a plan to buy private securities, curbing bets the purchases would expand the ECB’s balance sheet enough to weaken the currency. “I wouldn’t […]

ECB Unexpectedly Cuts Rates; EURUSD To Lowest Level Since July 2013

by Forex Rooton September 4, 2014 1:05 pm BST
EURUSD declines to the lowest level since July 2013 after the European Central Bank unexpectedly cut its main refinancing rate to a record 0.05 percent. The euro fell 0.9 percent to $1.3019 as of 1:12 p.m. London time after sliding to $1.3015, the lowest since July 15, 2013. It declined 0.7 percent to 136.90 yen. […]