Written by The euro gained against the dollar, as lower-than-expected demand for a European Central Bank lending program allayed some fears over the region’s banking sector. READ MORE »
Posts tagged European Central Bank
New Round of E.C.B. Funding Tempers Optimism
Higher-than-expected demand for cash from the European Central Bank on Thursday signaled that many banks are still unable to get the funds they need on the open market, setting back policy makers’ efforts to take banks off life support. READ MORE »
Seven more US banks collapse on day of Europe’s stress tests
Georgia’s Crescent Bank and Trust largest of seven to fail
Number of US failures now expected to exceed last year’s total READ MORE »
FOREX-Dollar mired near lows, yen on intervention watch
*Caution on Japan intervention heightened after dollar falls
* Some think Japan may not intervene before weekend G7 meet
* Focus on Trichet’s comments at ECB policy meeting
* Aussie hits new 2-year high vs dollar on solid jobs data
The dollar was mired near a 15-year low versus the Japanese yen and an eight-month low against the euro on Thursday on the spectre of more money-printing by the U.S. Federal Reserve as early as next month. READ MORE »
GLOBAL MARKETS: European Stocks Seen Down Ahead Of ECB And BOE
LONDON (Dow Jones)–European stocks are expected to open lower Thursday, as market participants wait for the European Central Bank to address the latest concerns about Greece’s debt crisis. READ MORE »