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
Tags » European Central Bank
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
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
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
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