Tag Archives: increase chances of interest rate cut
Euro Records Mixed Results Ahead of Thursday Rate Decision
Posted on04. Feb, 2009 by admin.
The EUR was affected by 2 main things in yesterday’s trading. These are the global stock market rally and mixed feelings ahead of Thursday’s Interest Rate decision by the European Central Bank (ECB). The U.S. stock market rally led investors to buy-back into the EUR, and dropping the Dollar, as investors looked for returns on [...]
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Interest Rate Speculation Provides a Temporary Boost to the EUR
Posted on29. Jan, 2009 by admin.
The EUR experienced high volatility in the wake of a speech by European Central Bank (ECB) President Jean-Claude Trichet. During a speech at the World Economic Forum (WEF) in Davos Switzerland, Trichet hinted that the ECB may hold interest rates steady for their upcoming policy meeting scheduled for Feb 5th.
The ECB has repeatedly reduced European [...]
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Interest Rate Cut Expected Today
Posted on15. Jan, 2009 by admin.
The Euro-Zone currency may decline further against the US Dollar on speculation that the European Central Bank (ECB) will lower its main refinancing rate by a half-percentage point to 2.0%. The EUR continues to deteriorate after falling to 1.3100 levels during yesterday’s trading session. The ECB will announce its decision on its short-term interest rates [...]
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Poor Euro-Zone Economic Data Warrants further Rate Cuts from ECB
Posted on07. Jan, 2009 by admin.
The EUR fell to a three-week low against the Dollar and declined versus the Yen before data that will probably show slowing regional inflation, giving the European Central Bank (ECB) more incentive to lower Interest Rates. The European currency fell to 1.3500 against the Dollar, and declined to 126.13 Yen from the previous 127.31. Inflation [...]
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New Interest Rate Cuts get Priced In to EUR
Posted on06. Jan, 2009 by admin.
The EUR has started the New Year in a complete reversal from where it ended. The European currency has shown considerable weakness against both the Dollar and the Pound. The last two days of trading have seen sharp reversals in both the EUR/USD and the GBP/EUR. Yesterday the EUR/USD closed the day sharply lower at [...]
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Euro-Zone Deflationary Trends Increase Chances of Interest Rate Cut
Posted on03. Dec, 2008 by admin.
The EUR underwent a bullish trading session yesterday, as it appreciated against most of its major currency rivals. The EUR rose 0.7% and closed near the 1.2700 level versus the USD in yesterday’s trading session. Also, the EUR saw steady gains against the GBP and JPY. The only major economic event that came out of [...]
