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Piles of Chopped-Up Cash Are Clogging Toilets in Switzerland

Bundles of chopped up €500 notes totaling in the tens of thousands of euros have been found flushed down toilets in Geneva. Plumbing repairs to a downtown UBS branch and three nearby restaurants where the bills were flushed have cost thousands of francs, … 85 more words

Finance

Is the ECB ready to taper its QE stimulus?

As the euro-area economy recovers, the European Central Bank (ECB) is under increasing pressure to work out a smooth exit from its expansionary monetary policy.  The Fed already went down this road and ended its QE programme in October 2014, before it hiked rates in December 2015. 486 more words

Industry Analysis

Dollar Stays At Over 2-Year Lows Against Rivals

The dollar stayed at 32-month lows against other majors on Friday, as concerns over the potential impact of Hurricane Irma on the Florida coast and tensions with North Korea kept weighing on the greenback. 344 more words

Dollar

A strong Euro could complicate matters for the European Central Bank

Despite the ECB’s concerns, the Eurozone’s economic performance has been stellar this year – its best since the end of the financial crisis.

In the wake of the European Central Bank’s policy meeting providing short term optimism to the euro, the USD touched a 2-1/2-year low against the Euro on Friday. 435 more words

Strategy

ECB keeps policy, guidance unchanged

The European Central Bank reaffirmed its ultra-easy policy stance on Thursday, even keeping the door open to increasing bond purchases, dashing hopes it would formally signal its intent to claw back stimulus from next year. 181 more words

Nothing can stop the euro's rise, much to Mario Draghi's disappointment

The euro zone is having quite a year. The euro has gained about 14% against the US dollar so far in 2017, and is up against a wide range of other currencies, too. 399 more words

Mario Draghi Isn't the Man to Push the Dollar Off a Cliff

Things have turned quite bleak for the dollar in the last couple of months: the hopes of a new age of strong U.S. growth and briskly rising interest rates have faded, a nuclear crisis with North Korea has emerged and the short-term outlook is set to be depressed by devastation from at least one hurricane. 431 more words

Finance