Results for 'ECB'
73 articles with this tag name
Aktualisiert Jan 10, 2013 9:50:00 AM
Risk appetite was supported after better than expected trade data out of China and as major central banks kept policy unchanged. The USD and the JPY are much weaker today as a result of the improvement in risk sentiment while the Scandies and the euro are trading significantly higher. EUR/JPY rose to its highest level since July 2011 and EUR/USD is testing the 1.32 figure after rising sharply following the ECB rate announcement.
As
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Aktualisiert Jan 9, 2013 11:39:53 PM
The Australian dollar was in focus today, with the release of local building approvals figures and Chinese trade data. The former proved to be a non-event, but the latter sent the aussie soaring. Towards the end of last year positive sentiment stemming from a turnaround in Chinese economic data, as well as high local yields which attract overseas money, helped to create a floor for the aussie, preventing AUDUSD for sinking materially despite two interest
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Aktualisiert Jan 9, 2013 4:05:00 PM
The buck is currently firmer against all of the G10 currencies except for the NZD, NOK, and AUD. The most notably gains today in the USD is against the Japanese yen which is underperforming as the JPY resumes its decline. Yen weakness returned following comments overnight from key Japanese officials that indicate the potential for more coordination between the political and monetary authorities. Prime Minister Abe reiterated that he wants to strengthen cooperation between the
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Aktualisiert Jan 8, 2013 12:00:00 PM
The euro is mostly weaker and the USD is trading firmly as risk sentiment declines. Economic data out of Europe this morning highlighted the continued weakness in the region’s economic activity which also weighed on the common currency. Euro zone retail sales fell by more than expected with a drop of -2.6% in November from a year ago (cons. -2.1%) and the unemployment rate rose to a record 11.8% (prior 11.7%). December confidence readings in
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Aktualisiert Jan 7, 2013 8:40:00 AM
The euro is trading softer against all of its G10 counterparts except for the CHF and EU sovereign yields are mixed to mostly lower ahead of government debt auctions this week in France, Germany, Italy, and Spain. Eurozone producer prices fell by -0.2% m/m as expected and slowed to +2.1% y/y (cons. 2.4%, prior 2.6%). The main focus for Europe however will be the European Central Bank (ECB) meeting this Thursday. While the Bank indicated
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Aktualisiert Dec 19, 2012 8:55:00 AM
The euro rose to its highest level against the USD in 8-months and tested the 1.33 figure as sentiment continued to improve in the Eurozone. Economic data showed stronger than expected confidence in Germany, the ECB acknowledged progress in Greece and were optimistic about bank supervision, and Spain remained open to the idea of seeking a bailout. Germany’s Ifo survey was stronger than expected overall as business confidence improved in December in the region’s largest
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Aktualisiert Dec 6, 2012 7:40:00 PM
The U.S. dollar saw a mixed performance versus the rest of the G10 today, strengthening relative to the Euro and consequently the CHF & DKK as they are highly correlated to it, meanwhile weakening versus the NZD & AUD. However, this mixed performance was largely due to a mix of economic data and central bank announcements over the past 24-hours: While EUR/USD caught most of the headlines today on the back of a break below
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Aktualisiert Dec 6, 2012 10:00:00 AM
The UK’s Bank of England and the European central bank both kept rates on hold today and didn’t adopt any new policy measures, which had been expected by the market. As we mentioned in our ECB/ BOE preview webinar earlier this morning the biggest market moving event was the ECB staff projections for growth and inflation that were also released today. These forecasts were as bad, if not slightly worse than expected. The ECB
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Aktualisiert Dec 6, 2012 4:00:00 AM
The outcome of the last ECB meeting of the year will be known on Thursday 6th December at 1245 GMT/ 0745 ET. The market expects no change in interest rates and no new policy measures to be announced. ECB President Draghi will deliver his monthly press conference after the rate decision at 1330GMT/ 0830 ET. The Bank is likely to remain in wait-and-see mode and we expect Draghi to reiterate that the ECB is
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Aktualisiert Jun 6, 2012 3:00:00 AM
On Wednesday 6th June 2012 the ECB announces its interest rate decision at 1245BST/ 0745 ET and it holds a press conference with President Mario Draghi at 1330 BST/ 0830 ET. We don't expect any change to interest rates at the meeting or for the Bank to extend other policy support to help the struggling Eurozone. We don't believe that the ECB will be too radical at this month's meeting as ECB head Draghi
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