Daily Market Commentary EUR/USD Fluctuates Around 1.50 The EUR/USD has recovered well from Friday lows, propelling from our 2nd tier downtrend line before fading beneath Wednesday highs. The EUR/USD is now hovering back around its highly...
European Central Bank President Jean-Claude Trichet and top European Union officials appear set to return from China empty-handed after they over the weekend called on Chinese leaders to allow the yuan to appreciate.
The coming week should signal whether a year of voracious risk appetite on financial markets is going to end with a bang, a whimper or, quite possibly, a thundering great clunk.
European Central Bank President
Jean-Claude Trichet will shine a light on the weakest European
banks when he begins withdrawing the cheap loans that propped up
the financial industry this year.
So much for the spirit of European co-operation. The scramble for posts in the new EU commission has been as selfish as ever. Each member state has eyed its own advantages. Is a minor portfolio now worth trading for a shot at the European Central...
The bank is determined to implement a timely ‘exit strategy’ and return gradually to something akin to its pre-crisis way of controlling interest rates and providing liquidity
(Update1) European officials indicated that
they failed to shift Chinese policies that have held the yuan
steady against the dollar since July last year.
Barack Obama couldn’t do it. Now it’s European Central Bank President Jean-Claude Trichet’s turn to try persuading China that it should allow its currency to appreciate.
(Update2) European confidence in the economic
outlook improved in November to the highest since the collapse
of Lehman Brothers Holdings Inc., suggesting the recovery in the
16-member euro region is gathering strength.
Confidence levels around the euro zone continues to improve which is what the European Central Bank (ECB) President, Jean-Claude Trichet, was projecting especially as the 16-nation region is showing increasing signs of recovery while the zone...
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