ECB Account
Trump, Central Bank News & Plenty of Data Vying for Investors’ Attention
January 22, 2026
President Trump presented a much more compromising stance on Greenland at Davos than he had laid out prior to attending the conference. The resulting shift back into riskier assets that began yesterday carried into this Thursday’s session. On the central banking front, policy interest rates at the Bank of Norway and Bank Negara Malaysia were […] More
Dollar and Yen Fell in Tandem
October 10, 2019
The dollar and yen dropped overnight by 0.6% against the New Zealand and Australian currencies, 0.5% relative to the euro, 0.3% versus the Swiss franc and peso, 0.2% relative to the loonie and sterling and 0.1% against the yuan. Ten-year U.S. Treasury and Japanese JGB yields are unchanged, whereas their German and British counterparts increased […] More
Upbeat ECB Minutes Lift Euro
January 11, 2018
Minutes of the December ECB Governing Council meeting seem to proclaim the beginning of the end of the central bank’s ultra-easy stance. Quantitative settings were not changed, and a continuing determination to complete the current campaign of quantitative stimulus was projected. But the following paragraph initiates a coming shift in forward guidance. It was argued […] More
Lessening Market Impact from Spanish Political Strains
October 5, 2017
Spain’s stock market has rebounded 1.7% after government officials in Madrid took a hard line against negotiations with Catalan. In contrast, investors have become even more worried about the possibility that British Prime Minister Theresa May may before yearend get the gong from hard-line Brexiters in her own Conservative Party. The dollar advanced 0.9% against […] More
Market Moved By ECB Minutes
August 17, 2017
The “Account” of the ECB Governing Council Meeting on July 19-20 expresses concern about the euro, which has been rising in response to fundamental improvement in the economy, possibly strengthening too much, which could dull the recovery and delay a return to the inflation target. Although the risk of deflation has receded, inflation remains below […] More
After FOMC Minutes, a Bunch of New Data Releases and ECB Minutes
May 21, 2015
FOMC minutes released late yesterday suggest that a June rate hike is possible but improbable. Today’s release of ECB Governing Council minutes, known formally as the “ECB Account,” reflect determination to complete the entire program of quantitative easing scheduled to run through September 2016, satisfaction with how QE is working thus far, but continuing frustration […] More
