 Forex - ECB’s Weber reopens speculation about interest rate increase despite FOMC suggestion for a Federal Reserve rate hike |
 Aug 28 2008, 1:00
Post
|
|
 |
The Dollar tumbled from six-month peaks against the Euro on Wednesday, as comments by European Central Bank official reopened speculation about an interest rate increase in the euro zone to fight persistent inflation pressure.
ECB’s Weber told News agencies that any talk about lower interest rates in the euro zone was premature. He also gave the impression that if the euro zone economy improves toward the end of the year, there might even be scope for tightening. Economists expect the Federal Reserve to raise rates, although minutes of FOMC last meeting suggested that weak financial conditions and slow growth could prevent such a move. But the Dollar might be supported by a deteriorating global economy even as the Fed seems likely to keep rates on hold in the coming months. View the full article |
|
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:
Similar Topics
| Topic Title | Replies | Topic Starter | Views | Last Action | |||
|---|---|---|---|---|---|---|---|
 |
19 | Arnaud | 15,535 | 31st August 2009 - 15:37 Last post by: Amjad |
|||
|
56 | Arnaud | 28,103 | 8th September 2009 - 16:47 Last post by: minniemounette |
|||
 |
 |
1 | sarity | 2,145 | 18th September 2005 - 15:45 Last post by: danyja |
||
|
0 | WHS-Lore | 7,826 | 19th September 2005 - 14:43 Last post by: WHS-Lore |
|||
|
6 | Helix.Marvel | 6,706 | 26th February 2009 - 19:03 Last post by: Arnaud |
|||
| Lo-Fi Version: Forex - ECB’s Weber reopens speculation about interest rate increase despite FOMC suggestion for a Federal Reserve rate hike - Forex Forum |