Market news
08.09.2011, 16:52

American session: the euro fell after Trichet comments

The euro fell the most in a month versus the dollar as European Central Bank President Jean-Claude Trichet said “downside risks” to the region’s economy have intensified, damping the outlook for interest-rate increases.
The 17-nation euro weakened against all of its major counterparts after the ECB kept its key interest rate at 1.5 percent and Trichet said inflation risks were no longer to the upside. 
The dollar strengthened before President Barack Obama unveils proposals to spur job growth and the U.S. economy. 
The pound rose for a second day against the dollar after the Bank of England maintained its quantitative-easing program at 200 billion pounds and kept its main interest rate at a record low 0.5 percent.
Obama will address a joint session of Congress today on proposals to speed job creation that may inject more than $300 billion into the economy next year. Almost half the stimulus may come from tax cuts, including an extension of a 2 percentage-point reduction in the payroll tax paid by workers due to expire Dec. 31 and a new decrease in the portion of the tax paid by employers.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location