Whatever happens the euro will fall. Even an aggressive move - half a percentage point - wouldn't help, and then they'll have used all their ammunition up.
Whatever happens the euro will fall, ... Even an aggressive move - half a percentage point - wouldn't help, and then they'll have used all their ammunition up.
The euro remains competitive, well below levels witnessed at the start of European monetary union when there was little complaint from manufacturers,
This will encourage the ECB to lower rates sooner rather than later, ... Their own growth target (for the euro zone) is 2 1/4 to 2 1/2 percent. They won't achieve that now.
The U.S.-Europe story is getting played out and is fully discounted in the euro and bond markets.
The collective denial on the euro zone economic recovery is belatedly challenged as markets and forecasters finally wake up to reality.
The signals were very explicit, given the weakness of the euro and pressure on inflation starting to come through,