Thursday saw the shared currency of the European Union notch its top gains since early January after European Central Bank president Mario Draghi said the regional economy is forecast to stabilize this year, Bloomberg reports. After the ECB adjourned its meeting, where policy makers kept interest rates at 0.75 percent, the ECB chief remarked on… Read more.
The common currency of the European Union fell toward its largest weekly losses in seven months against the U.S. dollar on Friday in the aftermath of remarks by President Mario Draghi with the European Central Bank, Bloomberg reports. Central bank officials convened on Thursday in Brussels to discuss the budget for 2014 through 2020. “The… Read more.
Friday saw the Japanese yen advance for a second consecutive trading session in the aftermath of commentary by the finance minister regarding the monetary unit, according to Bloomberg. Gains for the yen were the highest in nearly two years after Finance Minister Taro Aso said the yen lost value too quickly. Prime Minister Shinzo, since… Read more.
Gold futures tracked the even market performance of the shared currency of the European Union on Friday, according to MarketWatch. One day after both the yellowish metal and the 17-nation monetary unit slipped on the markets, the performance of the two was nothing spectacular. Commentary by President Mario Draghi with the European Central Bank on… Read more.
Crude oil prices were slipping on Thursday in the aftermath of remarks by the top official with the central bank of Europe noting economic challenges will be difficult to take on when considering the value of the 17-bloc monetary unit, according to Bloomberg. President Mario Draghi with the European Central Bank said a stronger shared… Read more.
Uplifting sentiment about economic prospects helped the common currency of the European Union climb on Thursday to its 14-month high against the U.S. dollar as the European Central Bank convenes its monthly policy meeting, Bloomberg reports. Following political scandal in Italy and Spain, two of the 17-nation bloc’s larger economies, concerns are overt regarding the… Read more.
Gold futures rose slightly on Wednesday after having kicked off the trading session with a downward dive, according to Reuters. Increased concerns about the economy of the euro zone were pinching stocks and policy makers were set to convene a policy meeting this week, which also is likely to impact the price of the yellowish… Read more.
Political scandal helped drive the Canadian loonie higher against the common currency of the European Union on Monday as the third- and fourth-largest economies in the 17-bloc region contend with challenging developments, Bloomberg reports. Mariano Rajoy, prime minister of Spain, is under fire after a national report indicated he and members of his party accepted… Read more.
Gold futures are poised to surge as much as 14 percent in value this year as the yellowish metal drives toward another year of annual gains, according to a recent poll cited by Bloomberg. The London Bullion Market Association survey of traders and analysts indicated that the average price this year will run roughly $1,753… Read more.
The Canadian dollar rose against its southerly rival on Thursday, driven higher by strong economic data from China and gains for Canada's top export, according to Bloomberg. However, the loonie slipped against the common currency of the European Union, which benefited from policy makers with the European Central Bank opting to leave interest rates unchanged.… Read more.