The euro rebounded on Wednesday as comments from European policymakers introduce...
LONDON - The euro rebounded on Wednesday as comments from European policymakers introduced some doubt over the scale of a European Central Bank stimulus package expected next week, while investors sold the dollar for riskier currencies.
Christine Lagarde, the ECB’s likely next president, said highly accommodative monetary policy for a prolonged period was necessary but she added that the bank needed to be mindful of the negative side-effects of such tools. That knocked the dollar back from more than two-year highs and encouraged investors to bet on more Federal Reserve interest rate cuts before the end of 2019.“Yesterday’s manufacturing survey was very gloomy and confirms that the U.S. is suffering from the global trade and manufacturing downturn, along with everyone else,” said Kit Juckes, currency strategist at Societe Generale.
pull away further from record lows plumbed earlier this week. The yuan was last up 0.4% at 7.1525 yuan per dollar.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Exclusive: ECB package could include rate cut, tiering, new guidance: sourcesECB policymakers are leaning toward a stimulus package that includes a rate cut,...
Leer más »
ECB back to easing again, but inflation still not in its grip: Reuters pollThe European Central Bank will cut its deposit rate next week and announce a res...
Leer más »
Deutsche, Commerzbank CEOs warn of ECB rate cut side effectsThe CEOs of Germany's two largest listed banks on Wednesday warned that a f...
Leer más »
Euro Cinema Group Criticizes Venice’s “Momentous Mistake” In Showcasing Netflix MoviesArthouse cinema group CICAE, whose members represent 4,000 screens in Europe, has criticized what it calls the Venice Film Festival’s “momentous mistake” in showcasing Netflix fil…
Leer más »
Euro zone manufacturing slump dragged on in August: PMIEuro zone manufacturing activity contracted for a seventh month in August as a c...
Leer más »
Exclusive: ECB package could include rate cut, tiering, new guidance: sourcesECB policymakers are leaning toward a stimulus package that includes a rate cut,...
Leer más »