The European Central Bank approved yet more stimulus on Thursday to prop up an economy plunged by the coronavirus pandemic into its biggest recession since World War Two. Just months after a raft of emergency measures, the ECB said it would increase the size of emergency bond purchases by 600 billion euros ($674 billion) to…
Euro Awaits Dovish Draghi! In a fiat currency era – currency exchange systems are classified in three categories. A Fixed currency system like AED, Managed floating system like Rupee and Free-floating system like USD, EUR, JPY etc. Theoretically, in a free floating system, Central bank does not intervene in foreign exchange markets and currency fluctuates…
The European Central Bank will halt its bond-buying program by the end of this year — a landmark decision that sets the euro area up for an exit from years of massive monetary support. The euro and bond yields dropped after the ECB said it’ll phase out the stimulus tool with 15 billion euros ($17.7…