Anxiety for ECB

Friday, 15 April 2011 01:24

European Central Bank’s vice-president, Constancio, dicussed matters this morning on worldwide news; mentioning that inflation remained a worry. The most recent inflatio data points that the HICP rose more tha expected to a high of 2.7%.

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Ireland’s soverign rating has been dropped

Friday, 15 April 2011 11:12

Ireland’s soverign rating has been dropped from to BAA3 from BAA1, pushing the euro lower and adding to renewed pressure on Euroland’s weaker countries.

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Euro falls hard.

Thursday, 14 April 2011 02:31

The Euro has tumbled from 1.45117 to 1.43752 this afternoon, further concerns regarding Ireland and the ECB statement that they are not going to continue bailouts forever has once again put pressure on the Euro.

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Euribor lending rates rose to near a two-year high

Wednesday, 13 April 2011 01:14

Euribor lending rates rose to near a two-year high yesterday mainly off the back of expectations that the European Central Bank will continue to increase euro zone interest rates this year. The three-month Euribor rate rose to 1.327 percent from 1.320 percent on Tuesday.

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Euro trading slightly lower today

Tuesday, 12 April 2011 12:09

Euro trading slightly lower today off the back of the market concerns that the ECB rate rise last week will hamper the efforts of Ireland, Portugal and Greece to contain debt, the euro has dropped from a 15 month high against the USD.

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