Ewald Nowotny — News Archive

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Euro Trades Lower Against US Dollar on Jawboning by ECB Members

The euro today traded slightly lower against the US dollar following comments by some members of the European Central Bank‘s governing council. The dovish comments by Ewald Nowotny and Villeroy triggered a knee-jerk reaction by the EUR/USD currency pair, which headed lower.

Euro Rallies Slightly Higher on ECB Hint at Policy Normalization

The euro today rallied slightly higher after Ewald Nowotny, an ECB governing council member, stated that the bank should capitalize on the opportunity to normalize its policies soonest possible. The EUR/USD currency pair had a muted reaction to the release of the final Eurozone CPI data early in the European session despite the print being in line with expectations.

Euro Declines on Dovish ECB Comments amid US Dollar Rebound

The euro today declined significantly against the US dollar following dovish comments from a member of the European Central Bank‘s Governing Council. The euro’s decline was further accelerated by the greenback’s recovery following a significant decline in Monday’s trading session.

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro’s exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session.

EUR/USD Rallies Briefly on Weak Consumer Sentiment Data

The euro today rallied briefly against the US dollar after the release of weak consumer sentiment data by the University of Michigan. This was the second rally by the single currency today as the euro had rallied against the US dollar earlier in the European session, but had given up most of its gains.

Euro Mixed amid Clashing Fundamentals

The euro was mixed today, falling against the US dollar and the Great Britain pound, while rising versus the Japanese yen and the Swiss franc. The currency was supported by positive macroeconomic data and the outlook for an asset-purchase reduction, while dragged down by Europe’s political issues like the Brexit and separatism in Catalonia.

Greenback Looks to Recover from Easing Talk

US dollar is looking for recovery today, gaining against European currencies, after talk of easing earlier sent the greenback a little bit lower.

Easing Talk Catches Up With Euro

Euro is lower today, thanks in large part to easing talk. Even though such talk from ECB President Mario Draghi has done little to weaken the euro in the last month, recent comments from policymaker Ewald Nowotny are having an effect today.

Euro Slide Halts as Greece Claims an Agreement

Late yesterday, Greek officials announced that they were drafting an agreement for their creditors. The news halted the euro’s slide, as did an interest in the 19-nation currency by holidaymakers and others.

Euro Lower on Quantitative Easing Possibility

Euro is lower against most of its major counterparts today, thanks in part to statements from an ECB policymaker. While quantitative easing isn’t quite on the table, officials aren’t ruling it out, and the possibility of QE, along with other measures meant to weaken the euro in the name of stimulus, is weighing on the 18-nation currency.

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