European Central Bank

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ECB Policymaker Looks to Hasten Crypto Rules amid Facebook’s Libra

In light of Facebook’s upcoming Libra coin, European Central Bank (ECB) Executive Board Member Benoit Coeure is reportedly urging financial regulators to create a viable framework for crypto projects.According to Coeure in Southern France, where an economic conference is taking place, the growth of the crypto industry is exposing the flaws of the existing regulatory…


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Dow Ekes Out Gains Without Rate Cut as Defiant Powell Defends His Job

Published: 19/06/2019 16:05 EST. Journalist: By CCN Markets: The Dow Jones Industrial Average was meandering in and out of positive territory as investors digested a fascinating Federal Reserve meeting. In the end, stocks managed to hold onto gains, with the Dow closing at 26,504, up fractionally. By keeping rates on hold, Chairman Jerome Powell faced…


Federal Reserve’s backtracking lifts Australian dollar

Federal Reserve’s backtracking lifts Australian dollar

US curve adds interest”The [US] dollar’s weaker and commodity prices are higher, and high-beta currencies like Aussie have done very well post the Fed. The other interesting mover has just been the curve shape in the US,” Ms Auld said, referring to the steepening curve in response to a view that the Fed has become…