Search

Your search keyword '"FOREIGN exchange rates"' showing total 3 results
3 results on '"FOREIGN exchange rates"'

1. Summer cancelled.

Subjects
*INTEREST rates, *ECONOMIC indicators, *CONSUMER confidence, *FOREIGN exchange rates, *MONETARY theory, *BANKING industry
Abstract

The European Central Bank is not one to cave in to calls for lower interest rates from market commentators and politicians. But what if those calls are obviously right? In March 2003 the bank disappointed many by cutting rates by a mere quarter-point to 2.5%. The ECB next meets on May 8, 2003 against an increasingly gloomy outlook for growth in the euro zone. Yet recent comments from ECB officials suggest that the bank is in no rush to cut again. The euro area's economy grew by only 0.7% at an annual rate in the fourth quarter of 2002, and has begun this year sluggishly. Over the past couple of years, while Germany's economy has been stuck in first gear, France's has motored along nicely. Now the French engine is sputtering too.

Published
2003

2. Dollar Tumbles Against the Euro Amid Gap in Rates.

Author

Molinski, Dan

Subjects
*FOREIGN exchange rates, *EURO, *U.S. dollar, *INTEREST rates
Abstract

The article reports on the decline of the U.S. dollar against the euro after European Central Bank (ECB) head Jean-Claude Trichet hinted possible increase in interest rates in July 2008. The dollar fell by 1.1% against the euro on June 4. The news about the interest rate hike had made the euro attractive to investors as it increases the yields of euro-based assets. The interest rate ECB is twice as much of the 2% of the Federal Reserve. The euro traded at $1.5599 in New York from $1.5435.

Published
2008

3. Dollar Hits New Low As Euro Passes $1.60.

Author

Molinski, Dan, Perry, Joellen, and McMahon, Denis

Subjects
*FOREIGN exchange rates, *U.S. dollar, *EURO, *INTEREST rates
Abstract

The article reports on the decline of the U.S. dollar against euro on April 22, 2008. The euro climbed to $1.60 after Bank of France governor Christian Noyer urged the European Central Bank (ECB) to increase the benchmark interest rate. Noyer said that the proposal aims to reduce the inflation. The increase in interest rate would provide higher yield advantage to euro-based assets over those based in dollars.

Published
2008

Catalog

Books, media, physical & digital resources
See catalog results