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Exchange rates in holding pattern as markets await central bank action

The euro has held more or less the same rate against the pound and US dollar for six weeks now, as the markets await ECB and Fed action. So what’s keeping them, and how will that affect you?

August 17th, 2012 | Posted in Expats | Read More »

Euro slides as ECB disappoints

ECB president Mario Draghi promised to do “whatever it takes,” to secure the euro, assuring his audience, “believe me, it will be enough.” Yet, when push came to shove, the Italian banker actually had very little to back up his big words.

August 3rd, 2012 | Posted in Expats | Read More »

Euro climbs as ECB’s Draghi vows to do “whatever it takes”

The euro gained two cents against the US dollar, reaching 1.23, this week, as ECB president Mario Draghi promises to pull out all the stops to save the euro. But how will he back up his determined rhetoric?

July 27th, 2012 | Posted in Expats | Read More »

Euro sinks as Eurozone commitment wavers

French Finance Minister Pierre Moscovici said to officials in Washington: “People are, I think, happily surprised about what we’re doing.” To which, I would have asked Monsieur Moscovici had I been there, to which people are you referring?

July 20th, 2012 | Posted in Expats | Read More »

Euro plunges as Spain cuts deeper

Rajoy announces new cutbacks

The euro sits at multi-year lows against both the pound and US dollar this week on the back of Spain’s latest batch of tough austerity measures.

July 13th, 2012 | Posted in Iberoblog, Expats | Read More »

ECB interest rate cut sends euro to 2012 low

The reversal in the euro can be attributed squarely to the European Central Bank, after the bank’s president, Mario Draghi, cut Europe’s benchmark interest rate -0.25% to just 0.75%, a record low for the ECB.

July 6th, 2012 | Posted in Expats | Read More »

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