Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




Euro Falls On Draghi’s Promise

Reply to topic
Money Talk > Investing, Stocks and Bonds

Author Thread
CarlosR
Member


Cash: $ 2.50

Posts: 11
Joined: 30 Nov 2017
Location: EEUU
Euro Falls On Draghi’s Promise  Reply with quote  

As stipulated in today the president of the ECB speaks about interest rate. ECB keeps interest rates, QE parameters and forward guidance unchanged, reiterating the intention to keep rates at this level at least until summer 2019. During the press conference, the ECB president noted the “steady and wide” economic growth of the euro area region and pointed out that the inflation would gain momentum by the end of the year. The acceleration of the inflation and the promise to keep rates unchanged reduces the real (minus inflation) return on investment to European assets. Such softness of the ECB’s position caused a new wave of pressure on the common currency.

The EUR/USD pair lost 0.6% after the press conference had started, falling to 1.1670 – the area of this week lows.

The euro loses its position against the U.S. dollar and the Swiss franc, despite a number of weak statistics from the United States.

The durable goods orders, foreign trade deficits, and weekly unemployment claims were worse than expected but were not able to reverse the negative reaction to the comments of the ECB.

The EUR/USD pair lost 0.6% after the press conference had started, falling to 1.1670 – the area of this week lows.

The euro loses its position against the U.S. dollar and the Swiss franc, despite a number of weak statistics from the United States.

The durable goods orders, foreign trade deficits, and weekly unemployment claims were worse than expected but were not able to reverse the negative reaction to the comments of the ECB.
Post Thu Jul 26, 2018 10:11 pm
 View user's profile Send private message

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2018