Tag Archives: ECB

German industrial production fell in December, as Europe’s largest economy was hit late last year by supply chain crises, official data showed on Monday. Industrial Production in Germany unexpectedly fell in December, suggesting that the manufacturing sector is not back yet. Eurozone’s economic powerhouse’s industrial output fell by 0.3% MoM, …

The US dollar ended last week’s trading with losses. The dollar index, which measures the US currency against a basket of major currencies, fell to 95.48 points, compared to 97.13 points posted last week. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest …

Strong US labour market data on Friday caused the EUR/USD’s pair to stumble, though not enough to trigger a lasting reversal back towards 1.1400, the fresh data has at least prevented the pair from breaching January’s highs in the 1.1480s. Though the pair has recovered back from its sub-1.1420 post-NFP …

Gold prices rose as the dollar fell on Friday, as markets awaited the US jobs report that may affect the Federal Reserve’s inclination to tighten monetary policy. Spot gold rose 0.1 percent to $1,805.90 an ounce. And US gold futures rose 0.2 percent to $ 1807.20. If the US jobs …

Commodity-linked currencies were little changed against the greenback. AUD/USD is unchanged at around 0.7130, while USD/CAD hovers around 1.2670.The USD/JPY nears 115.00 at the end of the American session, as government bond yields edged higher. The yield on the 10-year Treasury note is currently at 1.82%.Gold trimmed intraday losses and …

Treasury yields rose on Thursday as investors remained focused on the upcoming key NFP data. The yield on the benchmark 10-year Treasury note climbed 6 basis points to 1.831%. The yield on the 30-year Treasury bond added 5 basis points to reach 2.152%.Yields move inversely to prices and 1 basis …

At 0.6661, the bulls are in charge and the bird of 0.5% higher on Thursday’s business in the remaining hour of the US trading session. The price has climbed from a low of 0.6609 to score a high of 0.6681 so far as traders await the outcome of Friday’s US …

Gold has found some bidders again after a quick but short trip to the downside on Thursday. At $1,805, the yellow metal is about flat again on the day as traders now get their sights on Friday’s Nonfarm Payrolls data. Gold was hit hard on the back of a spike …

European Central Bank policymakers see a policy change at the March meeting if inflation does ease, said sources speaking to Reuters.The sources said that policymakers see a faster pace of tapering of the Asset Purchase Programme (APP) as its first point of call to fight higher inflation. According to the …

The European Central Bank opted to leave its deposit rate unchanged at -0.5% on Thursday as unanimously expected. The bank maintained its guidance on interest rates, saying they would remain at present or lower levels until the conditions for a rate hike have been met. The bank also reaffirmed its …