Archive for April 22nd, 2021

Central Bank Watch

ECB Governing Council Signals Greater Attention to the Euro

April 22, 2021

As expected, the European Central Bank left its interest rate structure, quantitative policy settings, and forward guidance unchanged at today’s review. The deposit rate will stay at negative 0.5%, and there remains a 1.85 trillion euro envelope on the Pandemic Emergency Purchase Program. The characterization of inflation dismisses the recent acceleration as a development stemming […] More

New Overnight Developments Abroad - Daily Update

Spotlight on Europe: ECB Meeting and Several Indicator Releases

April 22, 2021

The weighted DXY dollar index dipped 0.1% overnight despite gains of 0.3% against the Swiss franc, 0.2% versus sterling and 0.1% relative to sterling. A new wave of Turkish lira sales also lifted the dollar 0.5% against the currency. There were modest dollar losses of 0.2% against the Mexican peso and New Zealand dollar and […] More