Vitor Constancio — News Archive

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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.

Euro Rallies to New Highs Against US Dollar on German IFO

The euro today rallied to new 6-week highs against the US dollar after the release of the German IFO business climate data for November. The euro seemed to ignore the ongoing political woes facing Angela Merkel in Germany even as the three-way coalition talks fell apart.

Euro Plunges as Economic Growth of Europe Disappoints

The euro plunged today as economic growth in major European countries (with the notable exception of Germany) and the eurozone as a whole missed estimates, increasing chances for additional monetary stimulus in June. Inflation remained stable, suggesting that there is no threat of deflation for a time being. The currency trimmed its losses against some of its peers by now.

US Economic Optimism Helps Dollar

There’s a bit of economic optimism in the United States right now, and that is helping the US dollar against its high beta counterparts in Europe. Greenback is heading higher as the latest remarks from an ECB official hammer home the fact that the eurozone isn’t out of the woods yet.

Euro Pulls Back After Remarks From ECB’s Constancio

The euro is pulling back today, dropping after remarks from Vitor Constancio, the Vice President of the European Central Bank. Constancio’s remarks are renewing concerns about the eurozone economy, and reviving speculation that the ECB could take steps to ease monetary policy.

Euro Drops as ECB Board Member Reiterates Low Rates

Euro is heading lower today as indications for continued loose monetary policy from the European Central Bank continue to come. Euro has dropped a reasonable amount, but is still off its low, and trying to stabilize.

Euro Fluctuates on Disagreement How to End Europe’s Crisis

The euro slipped against the Japanese yen today as the division of the European leaders on the measures necessary to deal with the sovereign-debt problems may hamper the attempts to battle the crisis. The European currency fluctuated against the US dollar.

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