Euro US Dollar (EUR/USD) Exchange Rate Climbs Ahead of ECB Rate Decision
17 June, 2018, 11:43 | Author: Salvatore Jensen
The ECB now plans to reduce monthly asset purchases between October and December to 15 billion euros until the end of 2018 and then conclude the programme, though ECB President Mario Draghi stressed that the governing council stood ready "to adjust all its instruments as appropriate".
The euro dropped on the outlook for interest rates, trading 1% lower shortly after the announcement.
"There is no urgency for China to maintain its favorable yield differential against the United States as capital outflow and currency stability is no longer the key concern for China at the moment", said Tommy Xie, economist at OCBC Bank.
The dollar slipped against its global peers Friday and global stocks fell as the U.S. slapped new tariffs on Chinese goods, reviving the marketsfears of an escalating trade war, dealers said.
In the May statement, however, the USA central bank said that "economic activity has been rising at a moderate rate".
European markets were mixed, while stocks in Asia were mostly lower.
The Pound Euro (GBP/EUR) exchange rate skyrocketed on Thursday, as the single currency was met by a heavy sell-off in the wake of the European Central Bank's (ECB) latest policy meeting. Although it might seem like a positive development, markets' enthusiasm for the Euro sank when it appeared that interest rates would remain stagnant through the summer of next year.
"The main focal point is whether the euro will bottom out" against other major currencies following the European Central Bank decision, an official at a foreign exchange margin trading service firm said.
US President Donald Trump has made up his mind to impose "pretty significant" tariffs and will unveil a list targeting $50bn of Chinese goods on Friday, an administration official said.
A broader slowdown could make it harder for the ECB to cut support if lower growth eases pressure on inflation, a threat to the bank's credibility as it has missed its inflation target of nearly 2 percent for over five years. The S&P 500 added 0.3% and the Nasdaq gained 0.9%.
The Dow Jones industrial average closed 0.1% lower on Thursday.
Italy's new populist government is a coalition between the anti-establishment 5-Star Movement and the anti-immigration League.
Markets are on the lookout for clues from Bank of Japan governor Haruhiko Kuroda's post-meeting briefing at 6.30am GMT on how long the central bank could hold off on whittling down stimulus given stubbornly weak inflation.
The BOJ's inaction came after the U.S. Federal Reserve decided Wednesday to raise interest rates.
Oil markets, pressured by the strengthening dollar and fears that OPEC countries could decide to increase output at a meeting next week, ended mixed.
Brent crude, the worldwide standard, fell 13 cents to $75.81 per barrel.
Even if the measure does pass, it will require congressional approval to break up the existing state of California . With its 55 electors in the Electoral College, California has always been a stronghold for the Democratic Party.
Whatabuger also had a great response saying: "As much as we love our pancakes, we'd never change our name to Whatapancake". After lots of speculation that the new "B" stood for " breakfast ", the chain has announced that "B" stands for "burgers".
The Boston Celtics would be interested in Leonard if he becomes available in trade talks, league sources told Wojnarowski. The Lakers could give up many young assets, such as Kyle Kuzma , Brandon Ingram , Julius Randle , and Josh Hart .
Watch the World Premiere trailer! This seems to have been a trend throughout most of the press conferences this year. As you're probably already aware, there's a lot of Assassin's Creed Odyssey news flying around right now.
But he thrived in restaurant kitchens, and that work led him to the Culinary Institute of America, where he graduated in 1978. As you may know, this is the second celebrity suicide in the last week, as Kate Spade also committed suicide by hanging.
Kim is nearly certainly seeking it quite consciously, although it's unlikely that Trump has ever thought of it in these terms. That's what Trump is heading for, and by the time he gets there he will undoubtedly think that it was his goal all along.
The Pentagon has said Mattis was consulted, but has not offered clarification on what will be canceled. These were the first such talks since the two sides met in December 2007, reports Yonhap News Agency.
Just meeting with Trump will also give Kim recognition as the leader of a "normal" country and as an equal of the U.S. leader. But Graham also called on his colleagues to go a step further and authorize use of military force if diplomatic routes fail.
In March 2018, 9to5Macreported that Apple pulled a calendar app from its App Store for violating the efficient power guidelines . However, mining for cryptocurrency is only acceptable if "performed off-device", such as in the case of cloud-based mining.
Consternation brewed across metro Detroit this winter and spring over Michigan's comparative lack of road-repair funding . Domino's Pizza ($ DPZ ) is filling in potholes in towns across the US with a new '"Paving for Pizza" initiative.
City to airport at 240kph: Musk's big plan for Chicago
The skates, according to a fact-sheet from the company, would likely run every 30 seconds, 20 hours per day, the company said. A trip would cost $20 to $25. "Almost like an autonomous, underground, multi-level auto system".
When Is Eid Al-Fitr?
Often, the local committees have to collect and submit photos or videos of the moon as verification of the sighting. The announcement was made by Mufti Muneeb after chairing a meeting of the Central Ruet-i-Hilal Committee.
Hollywood Star Thrown F-bombs On Trump
Lindsay Mendez , picked up the Tony for Best Featured Actress for her work in Rodgers and Hammerstein's Carousel . Veteran actress Glenda Jackson picked up best actress for her performance in Three Tall Women .
'Fallout 76' is an online survival game
Meanwhile, Fallout Shelter will have a release on the PlayStation 4 and Nintendo Switch - and its going to come out later today. It's likely we'll see more of Rage 2 , and hopefully some more of Fallout 76, but maybe there will be a few surprises in store.