We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Update on #Cryptocurrencies (24H Change) #BITCOIN 2.42% #BITCOINCASH 7.10% #ETHEREUM 2.21% #RIPPLE 2.36% #LITECOIN 4.74%
  • The $USD has been fairly strong against most major currencies, with the notable exception being the anti-risk Japanese Yen.Get your US dollar technical analysis from @JStanleyFX here: https://t.co/d8PsgO8bW4 https://t.co/PiepYwVgvc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in US 500 are at opposite extremes with 66.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/mpranMes9K
  • RT @LiveSquawk: ECB’s Mersch: Current Asset Prices At ‘Very Elevated Levels’ https://t.co/E6DEYVx72B
  • Markets are anxious as fears surrounding the #coronavirus continue to mount, sparking selling in risky assets in favor of save haven markets such as #gold. Get your $gld technical analysis from @PaulRobinsonFX here: https://t.co/qXmwQzAUhO $XAUUSD https://t.co/8EeF35onnU
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: 0.54% Silver: 0.13% Oil - US Crude: -2.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NJhyRFrkYx
  • Technical Trade Levels: US #Dollar, $USDCAD, $EURUSD, Crude #Oil & #Gold - https://t.co/cUN7kGHNWv
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.25% 🇨🇭CHF: 0.09% 🇪🇺EUR: -0.09% 🇨🇦CAD: -0.22% 🇳🇿NZD: -0.91% 🇦🇺AUD: -1.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zYETHVRhWF
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: France 40: 0.16% Germany 30: 0.12% US 500: -1.40% Wall Street: -1.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/f4rpBy36Le
  • US CDC says there has been no confirmed cases of China coronavirus in the US since previous update
ECB Says Economy Improving; Swiss Policy Unchanged by SNB

ECB Says Economy Improving; Swiss Policy Unchanged by SNB

2012-03-15 09:22:00
David Schutz,
Share:

THE TAKEAWAY: ECB sees stabilization signs -> SNB keeps rates, Euro ceiling unchanged

The European Central Bank in its monthly report today said it sees signs of stabilization in the economy. Officials said that given these signs, the central bank will look to exit its current crisis measures in a timely manner. ECB official Nowotny at a press conference said he does not see any need for further ECB action “immediately,” and that a rate cut by the central bank is not “a point of discussion” right now.

However, the ECB also warned of upside risks to inflation as economic growth starts to gradually pick up. The central bank said it expects inflation to remain above the ECB target rate of 2% in 2012.

Meanwhile, the Swiss National Bank has left any policy changes on hold for the time being. The central bank today kept its interest rate unchanged at 0.00%, and reiterated its commitment to the much publicized 1.2000 floor for EURCHF.

The SNB continued to stress that uncertainty regarding the Eurpean debt crisis remains high, and adding it is prepared to act at any time should the situation deteriorate. Central bank officials also noted that signs of stabilisation have emerged.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.