{"id":11861,"date":"2010-08-20T14:03:38","date_gmt":"2010-08-20T12:03:38","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11861\/risk-assets-tumble-as-weber-signals-longer-ecb-stimulus\/"},"modified":"2010-08-20T14:03:38","modified_gmt":"2010-08-20T12:03:38","slug":"risk-assets-tumble-as-weber-signals-longer-ecb-stimulus","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11861\/risk-assets-tumble-as-weber-signals-longer-ecb-stimulus\/","title":{"rendered":"Risk Assets Tumble as Weber Signals Longer ECB Stimulus"},"content":{"rendered":"

Decline in crude oil price accelerated in European session after ECB council member Axel Weber signaled that the central bank will need to provide liquidity to banks through the end of the year. The duration may have exceeded some market participants had anticipated and fuels worries about the Eurozone's outlook. The single currency plunged to a 5-week low of 1.27 against the dollar. The front-month contract for WTI crude oil slumped to as low as 73.24 amid demand concerns. Relative strength in USD also lowered demand for commodities. Currently trading at 1231, the benchmark contract for gold pulls back after soaring to a 7-week high of1239.5 yesterday.<\/p>\n

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See the original post here:\u00a0
\nRisk Assets Tumble as Weber Signals Longer ECB Stimulus<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Decline in crude oil price accelerated in European session after ECB council member Axel Weber signaled that the central bank will need to provide liquidity to banks through the end of the year. The duration may have exceeded some market participants had anticipated and fuels worries about the Eurozone's outlook. The single currency plunged to a 5-week low of 1.27 against the dollar. The front-month contract for WTI crude oil slumped to as low as 73.24 amid demand concerns. Relative strength in USD also lowered demand for commodities. Currently trading at 1231, the benchmark contract for gold pulls back after soaring to a 7-week high of1239.5 yesterday. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11861","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=11861"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11861\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=11861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=11861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=11861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}