Thursday, 23 October 2014
|FOREX : NZDEUR|
22 Oct 14 00:00
The euro was down to $1.26620 from $1.27109 late Monday. Traders often buy gold as a hedge against dollar weakness, and vice-versa. more»
Spanish news agency EFE, citing unnamed financial sources, said 11 euro zone banks were set to fail this weekend's long-awaited stress tests. more»
LONDON, Oct 21 (Reuters) - The euro fell more than half a cent against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the euro zone economy. more»
The euro sank half a percent to the day's low of $1.27645 after publication of the story, which dealers read as a sign the ECB was ready to do more to flood the market with euros and get inflation and growth going. It then settled to trade at $1.2774 ... more»
The move could start at the beginning of next year and though not the kind of full-scale government bond buying that markets have been angling for, it would be a major step up by the ECB as it battles a slowing euro zone economy. European shares jumped ... more»
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