Intra-Day Market Moving News and Views EUR/USD
14 Apr 2014 00:39GMT
Britain's U.N. envoy says satellite imagery shows 35-40k well-equipped Russian troops near Ukraine border, in addition to 25k Russian troops in Crimea.
13 Apr 2014 23:31GMT
EUR/USD - 1.3849.. Further dovish comments by another key ECB Governing Council member. Benoit Coeure, who sits on the ECB's six-member Executive Board, in a speech at a conference organised by the IMF on Sun described how the ECB would approach an asset purchase plan to tackle low inflation, stressing such a programme "would not be about quantity, but about price."
Euro zone inflation is running at 0.5% - far below the ECB's target of just under 2% over the medium term. The ECB opened the door after its policy meeting earlier this month to turning on its money-printing presses to keep inflation from staying too low, though it shows no sign of embarking on such quantitative easing (QE) just yet.
Coeure said "Asset purchases are an instrument that we are ready to use if we deem necessary."
The single currency opened lower in NZ on Mon following euro-bearish comments by ECB President Draghi n other Governing Council members (see previous updates) n fell to 1.3838 (vs Fri's NY close at 1.3884). Reuters reported another piece of euro-bearish news.
ECB Governing Council member n Bank of France Governor Christian Noyer said in an interview with French daily newspaper Le Figaro the weakening of the euro is desirable, as the currency appreciation not only disturbs economic recovery but also hinders the return of inflation to its target level of about 2%.
Asked if weakening the euro should be the ECB's priority, Noyer said : "This decrease is desirable, but it is easier to invoke than orchestrate." He added "The stronger the euro is, the more accommodative policy is needed."
Noyer also said "If the period of low inflation lasts longer than expected, we would have at our disposal many tools that we have used in recent years."
14 Apr 2014 00:39GMT
Britain's U.N. envoy says satellite imagery shows 35-40k well-equipped Russian troops near Ukraine border, in addition to 25k Russian troops in Crimea.
13 Apr 2014 23:31GMT
EUR/USD - 1.3849.. Further dovish comments by another key ECB Governing Council member. Benoit Coeure, who sits on the ECB's six-member Executive Board, in a speech at a conference organised by the IMF on Sun described how the ECB would approach an asset purchase plan to tackle low inflation, stressing such a programme "would not be about quantity, but about price."
Euro zone inflation is running at 0.5% - far below the ECB's target of just under 2% over the medium term. The ECB opened the door after its policy meeting earlier this month to turning on its money-printing presses to keep inflation from staying too low, though it shows no sign of embarking on such quantitative easing (QE) just yet.
Coeure said "Asset purchases are an instrument that we are ready to use if we deem necessary."
The single currency opened lower in NZ on Mon following euro-bearish comments by ECB President Draghi n other Governing Council members (see previous updates) n fell to 1.3838 (vs Fri's NY close at 1.3884). Reuters reported another piece of euro-bearish news.
ECB Governing Council member n Bank of France Governor Christian Noyer said in an interview with French daily newspaper Le Figaro the weakening of the euro is desirable, as the currency appreciation not only disturbs economic recovery but also hinders the return of inflation to its target level of about 2%.
Asked if weakening the euro should be the ECB's priority, Noyer said : "This decrease is desirable, but it is easier to invoke than orchestrate." He added "The stronger the euro is, the more accommodative policy is needed."
Noyer also said "If the period of low inflation lasts longer than expected, we would have at our disposal many tools that we have used in recent years."
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