(eToro Blog) As economists had predicted, the ECB’s policy setting committee decided to keep its benchmark interest rates on hold at the current levels. Some analysts thought, and some market players had been hopeful, that recent changes to the make-up of the Executive Board which seated two new members from France and Germany, might push through a

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(eToro Blog) Earlier, the Bank of England announced that it would leave its key lending rate unchanged at 0.5%, as economists had widely predicted. The press release also noted that the Bank’s asset purchasing program would be maintained at £275 billion, also as expected by analysts. Minutes of the meeting will be published on January 25th.

 

It was

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(eToro Blog) Investors’ focus today will be inexorably drawn to the Eurozone, where the European Central Bank will announce changes (if any) to its monetary policy; said announcement scheduled for 12:45 p.m. (GMT). That will be followed up by the customary press conference to be held by the ECB president, Mario Draghi at 1:30 p.m. The consensus c

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(eToro Blog) China reported that inflation eased in the month of December. Consumer prices rose 4.1% in December on an annual basis. This was slightly lower than the 4.2% increase in November on an annual basis. While food prices have risen slightly, analysts expect the rise to be temporary. Producer prices rose 1.7% on an annualized basis.

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(eToro Blog)  U.S. markets consolidated after testing the upside on Tuesday, as weaker than expected growth in Germany put a damper of European and U.S. bourses. The Nasdaq continued to buck the trend, however, moving higher for a 5th straight trading session. The transportation sector continued to push higher, too, and has been a recent driving

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The New Zealand dollar gained after China’s inflation decelerated, spurring speculation that China will stimulate the slowing economic growth, boosting prospects for New Zealand exports.

China’s consumer prices rose 4.0 percent in December, demonstrating the slowest rate of growth since September 2010, following the 4.2 percent increase in No

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Forexpros - The New Zealand dollar eased off a two-month high Thursday, taking a breather after Chinese inflation data came in lower than expected, which sparked earlier demand for the kiwi on sentiment China will loosen monetary policy to grow more.

NZD/USD hit 0.7962 Thursday in Asian trading, down 0.09% and up from a session low of 0.7956 and

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