Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Euro Slumps On E C B Hints--u S Jobless Rate Down Again

Recommended Posts

http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

LONDON (AFX) - The euro fell sharply against the dollar after European Central Bank president Jean-Claude Trichet put market expectations of a May interest rate hike in doubt.
At 2.15 pm, the euro fell to 1.2232 against the dollar from 1.2315 before the Trichet press conference began. The euro had earlier hit a seven-month high of 1.2335 usd.
In the press conference following the ECB's expected decision to leave rates unchanged at 2.50 pct, Trichet said that market forecasts of a May rate hike "do not correspond to the ECB's thinking".

http://www.industryweek.com/ReadArticle.aspx?ArticleID=11762

April 6, 2006 -- A day before Friday's slated release of March employment figures, The U.S. Labor Department reported that initial claims for unemployment insurance last week were a seasonally adjusted 299,000, some 5,000 claims fewer than the previous week's revised average of 304,000.

Could it be that the EU economy is not as hot as claimed? Is recession knocking at the door together with pressure on wages to produce some imbalances? Which way for Gordon now? Oil prices are set in dollars and a rising USD will not help his trade imbalance.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.