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 […]
Tag: European Central Bank
Oil falls after ECB says eurozone economy weak
The price of crude oil fell Tuesday after the head of the European Central Bank described the economic outlookof the 17 countries that use the euro as weak in the near term. Benchmark crude for March delivery was down 53 cents to $95.33 per barrel at late afternoon Bangkok time […]
Euro gains as rate cut prospects fade, shares dip
By Ryan Vlastelica The euro hit an 11-month high against the dollar on Monday as fading prospects of an interest rate cut in Europe bolstered demand, while world share markets ticked lower following recent gains. The common currency was up 0.2 percent at $1.3365, having hit a high of $1.3404 […]
