14 June 2012 08: 30 GMT the takeaway: ECB acknowledges the downside risk and appears to be higher that the inflation target-> Merkel to the G20 Summit to call for debt - cutting-> Euro trading slightly higher
The European Central Bank said that he sees risks increased in its economic Outlook, according to the monthly bulletin of the Bank. The ECB also expected that inflation will remain above its 2% target this year before falling below 2% in 2013.
Editorial of the bulletin noted economic uncertainty in the short term, saying as high adjustment of unemployment and the balance sheet could slow underlying growth dynamics. The ECB decided to keep interest rates unchanged after its last meeting, but the risk of inconvenience could lead to a reduction in the future.
The Bank expects a GDP growth of 0.3% to 0.5% for 2012 and 2013 GDP could grow anywhere from 0% to 2%, explains.
Earlier today, German Chancellor Angela Merkel said that cutting debt must be part of any plan of action created by the Summit of the g-20 meeting next week. Angela Merkel has said the German Parliament that the Summit will focus on the crisis in the Euro area and firmly declared that Europe is future and destiny of the Germany, it added that the strength of his country to cope with the current crisis is not unlimited. Angela Merkel also stated that the recovery will be slow and debt-fueled growth must be combated.
Yesterday, Moody cut the debt Spain rating of A3 to Baa3 following the assistance of Spain plan. The rating did not significantly affect currency or bond markets, as the Euro has had a small rise yesterday against the US Dollar and yields of 10 bonds Spanish years had prices in the poorly received the debt market and reached new heights of 6.83%.
EUR/USD did not react strongly the ECB report and is only slightly higher than open today.
DailyFX provides news forex and technical analysis on trends affecting the world market currencies.
Learn forex trading with a free account of practice and exchange of graphics of FXCM.
14 June 2012 08: 30 GMT
Jun, 14: 15: 09 GMT Robust financial system Canadian but very sensitive to the Euro CrisisJun, 14 13: 05 GMT US Dollar dips against Euro, Yen, after the first trimester, current account, can CPIJun, 14 09: 18 GMT may euro area Inflation was as expected, slightly SofterJun, 14 07: 47 GMT SNB maintains 1.2000 EURCHF floor, will "not tolerate" stronger FrancJun13 21: 56 GMT NZD/USD: RBNZ has OCR rate 2.50%, the Kiwi continues its rise
The European Central Bank said that he sees risks increased in its economic Outlook, according to the monthly bulletin of the Bank. The ECB also expected that inflation will remain above its 2% target this year before falling below 2% in 2013.
Editorial of the bulletin noted economic uncertainty in the short term, saying as high adjustment of unemployment and the balance sheet could slow underlying growth dynamics. The ECB decided to keep interest rates unchanged after its last meeting, but the risk of inconvenience could lead to a reduction in the future.
The Bank expects a GDP growth of 0.3% to 0.5% for 2012 and 2013 GDP could grow anywhere from 0% to 2%, explains.
Earlier today, German Chancellor Angela Merkel said that cutting debt must be part of any plan of action created by the Summit of the g-20 meeting next week. Angela Merkel has said the German Parliament that the Summit will focus on the crisis in the Euro area and firmly declared that Europe is future and destiny of the Germany, it added that the strength of his country to cope with the current crisis is not unlimited. Angela Merkel also stated that the recovery will be slow and debt-fueled growth must be combated.
Yesterday, Moody cut the debt Spain rating of A3 to Baa3 following the assistance of Spain plan. The rating did not significantly affect currency or bond markets, as the Euro has had a small rise yesterday against the US Dollar and yields of 10 bonds Spanish years had prices in the poorly received the debt market and reached new heights of 6.83%.
EUR/USD did not react strongly the ECB report and is only slightly higher than open today.DailyFX provides news forex and technical analysis on trends affecting the world market currencies.
Learn forex trading with a free account of practice and exchange of graphics of FXCM.
14 June 2012 08: 30 GMT
Jun, 14: 15: 09 GMT Robust financial system Canadian but very sensitive to the Euro CrisisJun, 14 13: 05 GMT US Dollar dips against Euro, Yen, after the first trimester, current account, can CPIJun, 14 09: 18 GMT may euro area Inflation was as expected, slightly SofterJun, 14 07: 47 GMT SNB maintains 1.2000 EURCHF floor, will "not tolerate" stronger FrancJun13 21: 56 GMT NZD/USD: RBNZ has OCR rate 2.50%, the Kiwi continues its rise
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