For the day, euro slips a bit after ECB loan news, dollar edges up The euro slipped Friday, contributing to the currency’s losses against the U.S. dollar for the week, after the European Central Bank said commercial banks would pay back early a smaller-than-expected chunk of cheap three-year loans. The […]
World News
Japan Aso: Next BOJ head doesn’t have to be from MOF
The next Bank of Japan governor does not have to be from the Ministry of Finance although the individual needs to have experience managing a large organisation, Japanese Finance Minister Taro Aso said on Friday. “It’s inappropriate to choose someone who does not have experience managing a big organisation,” Aso […]
Euro, money market rates fall after low ECB loan repayment
Money market rates and the euro fell on Friday after the European Central Bank announced banks would make 62.8 billion euros worth of early repayments of three-year banking sector loans. The repayment came in below the 130 billion euro Reuters poll consensus and means the level of surplus liquidity in […]
