The European Central Bank expectedly kept the key interest rates unchanged
The European Central Bank expectedly kept the key interest rates unchanged
28 January, 2018, 00:39
The single currency scaled $1.24 overnight for the first time in over three years, crowning a stellar rise over the past 2-1/2 months from $1.1608 in the first week of November.
The U.S. dollar reversed losses on Thursday when President Donald Trump said he wanted a "strong dollar", a day after Treasury Secretary Steven Mnuchin said he welcomed a weaker greenback, which moved the currency lower against the euro.
"In other words, he said very little really, but he said it under snow-plastered slopes and he was speaking to a market where dollar bulls have been under the cosh". The market was also waiting in anticipation for Draghi to make his press conference later in the day and a part of the market was expecting him to talk down the euro as it felt that the European Central Bank would be uncomfortable with the quick and unfettered rise of the euro against the other currencies, especially the dollar.
Even as the euro zone economy roars ahead, a strong euro threatens to dampen inflation and endanger the work done by years of unprecedented stimulus, probably forcing Draghi to pour cold water on rising expectations that the European Central Bank is speeding towards an interest rate hike. But rapid economic growth and the likely end of the bond buys later this year justify some currency strength.
The yield on Germany's 10-year government bond, the benchmark for the region, was lower 1.6 bps at 0.515 percent, moving further off the recent five-month high of 0.54 percent hit in early January.
Arsenal edge out Chelsea to meet City in Carabao Cup final
My task is to try to do the best for this club, to try to improve my players for this club". "We tried to reach the final". Conte downplayed the severity of the Willian injury, saying: "I don't think we are talking about a serious injury".
Meehan Will Not Run for Re-Election
Meehan denies he did anything wrong and says he followed the advice of House lawyers and Ethics Committee guidance. If you see an objectionable post, please report it to us using the "Report Abuse" option.
The purchases, already twice reduced, are set to run until the end of September and investors are betting on their end in the fourth quarter.
Inflation is also years away from rising back to the ECB's target of 2 percent, so Draghi can hardly afford any big currency swings.
Yields on most euro zone government bonds, particularly the higher-rated ones, have risen in recent weeks as a booming euro zone economy fuels inflation expectations and bets that the European Central Bank would withdraw its 2.55 trillion euro bond-buying scheme and hike rates sooner rather than later. Its rate of minus 0.4 percent on deposits it takes from commercial banks was also unchanged.
"The euro's strong performance at the start of 2018 has been aided by upbeat" economic data, said Stamenkovic at NFS Macro.
The men abducted Villadares from the house and left the boy, telling him not to contact police or they would kill his father. Gone for a single moment, the boy was somehow capable to save himself and run to a neighbor for help.
Woods was back in action at Torrey Pines three months after knee surgery and carded back-to-back 68s on the weekend to win. Defending champion Rahm had not even won a Tour event when Woods teed it up at Torrey Pines a year ago .
Australia's previous best ODI bowling start was 5-17 against minnows Kenya in 2002 and Zimbabwe in 2004. Pat Cummins claimed that wicket as well as that of Alex Hales for 3 (11) with a nasty off-cutter.
Samsung Galaxy S9 and Galaxy S9 + will retain the Super AMOLED Infinity Display that we saw on the Galaxy S8 series. The fingerprint scanner was present alongside the camera lens at the back, on the Galaxy S8 devices.
Next up is Assassin's Creed Chronicles: India , a side-scrolling spin off based on Ubisoft's hugely popular stealth series. It was one of the few games where the whole blockbuster effect was properly applied and was genuinely fun to play through.
He made three birdies per side on Thursday, and displayed some nice touch around the greens, going three-for-three in sand saves. Adding to the challenge is the fact Woods hasn't putted on poa (annua) greens or chipped out of rye rough in a year.
He broke his ankle , and required seven weeks to recuperate. "We have a release date, so we've gotta keep going", he joked. Speaking about the forthcoming movie, Tom said: "There is one big set piece, which has been two years in the planning".
The investigators focused on six websites to better understand the process of purchasing fentanyl online. It is not surprising that people are ordering fentanyl online to sell; the profit margins are staggering.
A changed lineup shouldn't prevent Liverpool from using home advantage to make it through to the fifth round, though. Alberto Moreno is back in full training but will have a test before his inclusion is confirmed.
Apple Adding Battery Monitor, Performance Controls to iOS 11.3
He said a routine bug-fix for the app was rejected by Apple in December, just before Apple acknowledged the battery-slowing issue. Apple may have been slow off the block, but looks like it wants to capture the entire market of its devices with Business Chat .
Mock Draft: Mayfield & Rudolph To Become Division Rivals
More than a year later, Matthews still recalls Mayfield's surgical performance. "We wanted to get an opportunity to meet him". The divorce rate is 50 percent. these guys got three months, at a shotgun rate, trying to figure out who their guy is.
Five things to watch for as Chelsea host Newcastle
To top all of that, the Premier League champions find themselves a huge 15 points away from the top spot in the Premier League. The Blues' schedule means Sunday's FA Cup fourth-round tie with Newcastle is their eighth of nine games in January.
Relief for 1000 workers in Belfast as USA jet tariff overturned
The chief executives of Bombardier and Airbus were meeting Friday in Montreal to discuss the integration of the two plane makers. The US manufacturer said it would review the USITC's more detailed opinions in full as they are released in the coming days.
Indian Premier League: Five to watch in the auction
With 226 wickets in 64 first-class games, Ishwar Pandey has done no wrong to his talent but never got the deserved appreciation. With 2019 World Cup selection in sight, Stokes would look to shake things off and get back to much-needed cricketing action.
MSU's mishandling of claims extends beyond Nassar
He was sentenced this week to 40 to 175 years in prison for molesting women and girls under the guise of medical treatment. Nassar was also accused of molesting other young gymnasts while employed by USA Gymnastics, the sport's US governing body.
Three neat iOS 11.three options coming this spring
With iOS 11.3, Apple will show users the health of their iPhone's battery and notify when it needs to be serviced. They include new tools for chatting with businesses and for monitoring battery health and power management.
US Senate confirms new Health and Human Services secretary
Ron Wyden, he is "a ideal encapsulation of the president's broken promises on prescription drugs and health care overall". Rand Paul, R-Kentucky, had also cited his record as a pharmaceutical executive as the reason for his "no" vote.