{"id":17010,"date":"2013-02-05T09:04:04","date_gmt":"2013-02-05T08:04:04","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/17010\/the-euro-continues-it%e2%80%99s-downward-slide-ecb-rate-decision-expected-to-be-no-change\/"},"modified":"2013-02-05T09:04:04","modified_gmt":"2013-02-05T08:04:04","slug":"the-euro-continues-it%e2%80%99s-downward-slide-ecb-rate-decision-expected-to-be-no-change","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/17010\/the-euro-continues-it%e2%80%99s-downward-slide-ecb-rate-decision-expected-to-be-no-change\/","title":{"rendered":"The euro continues it\u2019s downward slide, ECB rate decision expected to be no change"},"content":{"rendered":"

The euro opens Tuesday’s session down against all major currencies following yesterday’s fall which was the biggest since June 2012 for the shared currency, mainly due to a selloff in Spanish and Italian bonds, whilst Thursday’s ECB interest rate is expected to be a “no change” decision.<\/p>\n

A selloff in Italian and Spanish government bonds and stocks on Monday amid growing political uncertainty in the two countries poured cold water on optimism that Europe is slowly healing from its debt crisis.<\/p>\n

Meanwhile, traders said euro bulls were already starting to turn cautious in the lead-up to Thursday’s European Central Bank (ECB) policy meeting.<\/p>\n

ECB Interest Rate<\/strong><\/p>\n

Currency traders will be paying close attention to the ECB’s monthly policy statement on Thursday for any mention of the euro, which has jumped against the US dollar since the start of the year.<\/p>\n

The ECB, which has held its main refinancing rate at 0.75 percent since July, will make no change at its next policy decision on 7th February, according to the median forecast of economists surveyed by Bloomberg News. The Bank of England is also expected to leave its bank rate unchanged at 0.5 percent.<\/p>\n

“The euro’s had a massive move higher, and we’re waiting to see whether there’s going to be some ECB comment on how the currency impacts growth,” said Jens Nordvig, global head of currency strategy at Nomura Securities in New York.<\/p>\n

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\"Fb-Button\" <\/a><\/div>\n<\/div>\n

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You can like our page on Facebook<\/strong> and keep up to date with the latest oil, gold, dollar and euro news with liveoilprices. ……………………………………………………….<\/p>\n

Our website is now fully optimised for viewing through mobile devices, tablets and of course standard computers.<\/p>\n

This article was written by: JR @ liveoilprices.co.uk<\/strong><\/p>\n

You can also share this story using the social media below:<\/p>\n<\/p>\n

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\nThe euro continues it\u2019s downward slide, ECB rate decision expected to be no change<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The euro opens Tuesday’s session down against all major currencies following yesterday’s fall which was the biggest since June 2012 for the shared currency, mainly due to a selloff in Spanish and Italian bonds, whilst Thursday’s ECB interest rate is expected to be a “no change” decision. A selloff in Italian and Spanish government bonds and stocks on Monday amid growing political uncertainty in the two countries poured cold water on optimism that Europe is slowly healing from its debt crisis. Meanwhile, traders said euro bulls were already starting to turn cautious in the lead-up to Thursday’s European Central Bank (ECB) policy meeting. ECB Interest Rate Currency traders will be paying close attention to the ECB’s monthly policy statement on Thursday for any mention of the euro, which has jumped against the US dollar since the start of the year. The ECB, which has held its main refinancing rate at 0.75 percent since July, will make no change at its next policy decision on 7th February, according to the median forecast of economists surveyed by Bloomberg News. The Bank of England is also expected to leave its bank rate unchanged at 0.5 percent. “The euro’s had a massive move higher, and we’re waiting to see whether there’s going to be some ECB comment on how the currency impacts growth,” said Jens Nordvig, global head of currency strategy at Nomura Securities in New York. . You can like our page on Facebook and keep up to date with the latest oil, gold, dollar and euro news with liveoilprices. ………………………………………………………. Our website is now fully optimised for viewing through mobile devices, tablets and of course standard computers. This article was written by: JR @ liveoilprices.co.uk You can also share this story using the social media below: <\/p>\n","protected":false},"author":16,"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-17010","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\/17010","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\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=17010"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/17010\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=17010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=17010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=17010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}