• ECB Takes No Action
  • ECB Takes No Action

    David Sumner | 07:45 | 06/04/14
    Further discussions without a plan of action by the ECB prompted buy zoloft onlne no pre the Euro to decline slightly against the Yen. The Euro ...

Further discussions without a plan of action by the ECB prompted buy zoloft onlne no pre the Euro to decline slightly against the Yen. The Euro also traded lower against the greenback following the release of employment data and comments from the ECB President.

Euro Trades to The Downside

The Euro slumped against the U.S. Dollar and its Japanese counterpart after the European over the counter asthma inhalers Central Bank announced on Thursday that it will leave the interest rate at the current record low, while the President of the European Central Bank spoke at a press conference, giving little importance to the possibility of deflation. And while central bank officials did not change policy, they did hint that the possibility of implementing measures to fight the low levels of inflation have not been ruled out. In a speech to the media, ECB President Mario Draghi intimated that the bank is not opposed to using non-conventional tools, along with conventional means such as quantitative easing, in order to maintain economic stability within the Euro-zone. In the days ahead, speculators will focus on the Bank of Japan’s two-day meeting scheduled for April 7th and 8th. Economists anticipate that bank officials will hold off from expanding stimulus until the summer. In the meantime, economic data out of Germany, which is the region’s biggest economy, indicated that factory orders surged 0.6 percent in February, more than the predicted 0.1 percent, while metrics from January were modified to show a slight hike. The Euro rate fluctuated slightly against the Sterling.

House Prices Drop

The British Pound weakened against the U.S. currency subsequent to the publication of industry reports that showed an unexpected decline in home prices. The Sterling dipped for a fourth straight day as the Northern Echo newspaper quoted the Bank of England’s governor, Mark Carney, who issued comments suggesting that the central bank may consider raising the interest rate prior to the next general election. According to Halifax, U.K. house prices slipped 1.1 percent in March, following a hike of 2.5 percent for February.

Aussie Recoups

The Australian Dollar rallied again versus the greenback after Thursday’s lackluster economic calendar reports confirmed a decline in retail sales. Market investors traded cautiously ahead of the highly anticipated non-farm payroll data, as they predicted that a solid release would levitra online pharmacy boost the greenback. Australian retail sales came in at the lowest level in eight months, while the trade balance continued to show a surplus. However, in the U.S., the trade balance sustained a major deficit.

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