Will the ECB Stop the Surging Euro?


The central bank has remained committed to its ultra-loose monetary policy since March 2016, when it cut its key interest rate, the main refinancing operations, to zero per cent, meaning it does not charge interest to banks borrowing money.

"The market might be a little on edge" ahead of Thursday, said Bill Lynch, director of investment at Hinsdale Associates, who added that there was little significant economic data for the market to focus on Tuesday.

In contrast to improving economic growth, euro-zone inflation slowed to 1.4 per cent last month and the core rate dropped to 0.9 per cent. Dollar / yen was marginally down on the day trading at 109.33.

The pair rebounded later in the day hitting a two-week high of 1.2971 along the way.

The Best Unannounced Feature On iOS 11 Is Screen Recording
APPLE WILL INCLUDE Do Not Disturb while driving functionality when it releases its iOS 11 update for iPhone and iPad . Apple 12.9-inch iPad Pro was announced in 2015.

Volatile food and energy prices are to blame for such rapid changes, policymakers say, while "core", or underlying inflation discounting those elements remains sluggish.

"There is a strong sense of wanting to wait-and-see among investors ahead of former Federal Bureau of Investigation director Comey's testimony and the United Kingdom elections", said Yutaka Miura, a senior technical analyst at Mizuho Securities.

"The UK parliamentary election on Thursday may turn out to be a closer race than expected just a few weeks ago", noted Richard Falkenhall, senior foreign exchange strategist at Swedish banking group SEB. Pound / dollar fell after the release of the data eventually reaching its daily low of 1.2887.

This month's meeting is important as markets are expecting the European Central Bank to announce changes to its economic forecasts and potentially shift its tone on future policy.

AK Steel Holding Corporation (NYSE:AKS) Climbed 2.54% in Pre-Market
Following the transaction, the director now owns 98,919 shares of the company's stock, valued at approximately $1,974,423.24. This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm.

The crisis over Donald Trump's possible ties to Russian Federation could come to the fore when Comey appears on Capitol Hill, a month after the president fired him midway through a probe into the allegations.

The Russia question, and the country's possible interference in November's USA elections, has hung over the tycoon's head since taking office leading calls for impeachment.

There also are concerns on trading floors that Trump's economy-boosting agenda - big infrastructure spending, tax cuts and deregulation - could be derailed if the Russian Federation probe mushrooms into a bigger story.

European equity indexes (VGK) rallied last week, reflecting the strong bounce in global markets.

Australia will be ready for England showdown: Smith
Ball started the English response with the ball after their batsmen helped the team put up a respectable total on the board. Bangladesh captain Mashrafe Mortaza remains hopeful of a miracle.