Tag Archives: ECB
UBS Morning Adviser
Delayed second-wave of euro weakness ahead? On Wednesday, the ECB rate cuts announced last week finally take effect.
FI Eye-Opener: ECB rates to remain close to zero for an extremely long period
The huge bond rally continued in the Euro zone on Friday. The German 10-year yield plummeted by another 5bp,
FX: party on
ECB won’t kill EUR, as capital flow to resume. The USD staged a sharp reversal down last week, and wage growth stuck at 2% suggests – no Fed funds repricing imminent yet, but…
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
FI Eye-Opener: ECB delivers, will payrolls?
The ECB delivered its easing package yesterday (see more below), and the initial market reaction was higher long yields, a steeper curve, a rally in peripheral bonds and a weaker euro.
FX Daily
The US job report will be the main focus today. We expect an increase in non-farmpayrolls of 250,000 but see risk of a pay-back from the extra strong April figure.
Daily FX Wrap and Strategy
The NZD led major currencies higher overnight, up 0.9%against the USD to just below 0.8500.Part of this can be laid at the feet of EUR’s rally after theECB policy announcement last night.
Will Effects Of Draghi ‘Shock And Awe’ Endure?
Analysts believe the ECB’s took bold action Thursday in deploying a panoply of new measures designed to ease monetary conditions in the currency bloc and to attempt to head off the risk of further disinflation.
EURO Set To Resume Its Uptrend Post-ECB
The ECB cut interest rates as expected, but Draghi said that to all practical purposes interest rates have reached their lower bounds, notes Australia and New Zealand Banking Group (ANZ).
ECB: “We are not finished”
ECB delivered a whole package of measures just as we expected. As a result, longer core yields initially rose, the curve steepened and the euro depreciated.
The Global Macro Pulse
EURUSD and EUR crosses came under moderate pressures. EURUSD traded just below 1.36; EURGBP, EURSEK and EURNOK were also slightly lower.
FI Eye-Opener: You better not be bluffing, ECB
Longer German bond yields continued to rise yesterday and the curve steepened some more.