ECB officials announced today that ECB, with the help of the Federal Reserve will offer US dollar based loans to Euro Area banks for three months that will ensure these banks will have enough liquidity to end 2011. This news…
Tag: Euro to US dollar
ECB kept interest rate at 1.5% – September 8
As expected the European Central Bank decided to keep the interest rate unchanged at 1.5%; Jean-Claude Trichet, president of ECB, addressed the current risks in the Euro Area including the bank’s new predictions of the GDP growth in Euro Area…
ECB kept interest rate at 1.5% – August 4
As expected the European Central Bank decided to keep the interest rate at the same level of 1.5%; this rate decision didn’t seem to surprise the market and concerns over the debt in Europe continues to be one of the…
As expected the ECB raised its interest rate to 1.5% – July 7
As expected the European Central Bank decided to raise the interest rate by 0.25% to 1.5%; this rate decision didn’t seem to affect the financial market as the Euro to US dollar continues to moderately fall. What does this decision…
US home sales continued to decline during May by 3.8%
The national association of retailers published its monthly report regarding the Existing-home sales; according to the report the existing home sales in the US dropped in May by 3.8% to 4.81 million transactions, compared with April’s annual rate of home…
China’s holding of US Treasuries rose in April
According to a recent report, China’s holding of US Treasuries rose during April for the first time since in half a year; this news comes after China has reduced its holding in March by $9.2 billion from February. During April…