Mario Draghi didn’t do it but Kim Jong-un did

Last Thursday, Mario Draghi, the President of the European Central Bank, was unable to move the capital and money markets with his customary monetary policy Press conference in Frankfurt am Main. On the contrary, North Korea’s leader Kim Jong-un, a global castoff, did it the next day just by pressing a button. However, it took […]

ECB ready to counter the rise of the euro?

As expected by many, the European Central Bank left its basic interest rate unchanged at 0.25%. However, Mario Draghi, the President of ECB, raised the tone of the central bank’s readiness to confront possible unfavorable developments in the money markets. Presumably he has in mind the risks which may arise in international money markets, from […]

Appreciation of euro to continue

This January’s upwards trend of the euro parity with the other major currencies, the dollar and the yen, led today at a quote very close to the upper benchmark of 1.35, triggering worries about Eurozone’s exports. During this first month of the year the single European currency has appreciated at least 15% with the dollar […]