france warns of strong euro ahead of ecb meeting
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

France warns of strong euro ahead of ECB meeting

Arab Today, arab today

Arab Today, arab today France warns of strong euro ahead of ECB meeting

Paris - AFP

French Finance Minister Pierre Moscovici warned Tuesday of the euro's current strength ahead of the European Central Bank's meeting this week when a decision on interest rates will be made. The European Central Bank is under pressure to cut rates at its regular monthly policy meeting on Thursday amid growing deflationary fears in Europe. "We are seeing rates not seen since 2011," Moscovici noted at a press conference, referring to the exchange rate between the US dollar and the euro. The euro recently soared past the threshold of $1.38, its highest level in two years. But it tumbled to $1.3474 from $1.3516 late in New York on Monday as investors bet that the ECB would slash interest rates following soft eurozone inflation data last week. The annual rate of inflation for the 17 countries that share the euro slowed unexpectedly to just 0.7 percent in October, the lowest rate in four years, raising fears the single currency area may tip into deflation -- a vicious circle of falling prices, wages and output.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france warns of strong euro ahead of ecb meeting france warns of strong euro ahead of ecb meeting

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france warns of strong euro ahead of ecb meeting france warns of strong euro ahead of ecb meeting

 



GMT 13:29 2017 Wednesday ,18 October

Beards inspire new show by art duo Gilbert & George

GMT 13:56 2011 Wednesday ,28 September

The wise leadership dispatch cables of condolences

GMT 11:11 2017 Thursday ,26 January

Aoun meets Mogherini

GMT 16:21 2017 Wednesday ,26 April

Riyadh donates additional $150m to help Yemenis

GMT 12:29 2018 Tuesday ,11 September

US new provocations to undermine Russia’s in Syria

GMT 03:27 2015 Monday ,17 August

Missing link found between brain, immune system

GMT 11:36 2017 Wednesday ,13 December

New York Philharmonic quickly raises needed cash

GMT 10:17 2016 Monday ,10 October

Kosovo 'boils' over drawing border

GMT 16:48 2017 Saturday ,09 December

Al Zaydi underlines Huthi role in prices
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday