ECB Official Advocates Government Action Against Inflation and Explores Benefits of Fiscal Policy Tightening
ECB Official Advocates Government Action Against Inflation and Explores Benefits of Fiscal Policy Tightening Yannis Stournaras, a member of the European Central Bank’s Governing Council, has strongly underscored the critical role governments must play in addressing the growing concern of rising consumer prices. In his view, as borrowing costs reach what could be their zenith, […]
EUR/USD Surpasses 1.0800, Awaits Eurozone CPI and US NFP
EUR/USD Surpasses 1.0800, Awaits Eurozone CPI and US NFP Despite reclaiming the 1.0800 area, the EUR/USD pair faces persistent pressure with a fifth consecutive weekly close in the negative zone. The European Central Bank’s (ECB) hawkish stance fails to provide the Euro the anticipated edge against its counterparts, even amid weaker Eurozone economic data. The […]