ECB Policy Clash, Central Banks’ Wild Year, U.S. Jobs: Eco Day

(Bloomberg) — Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day and week:

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European Central Bank officials are lining up in a policy clash over whether to add monetary support soon to head off any economic slowdown, or wait for stronger evidence that it’s neededThe ECB should keep up significant monetary stimulus, Governing Council member Pablo Hernandez de Cos saidThe U.K. and European Union are starting a key week of Brexit talks, with the bloc stiffening its demands over how any trade deal will be enforced after losing trust in Boris Johnson because of his attempt to rewrite last year’s divorce agreementCentral bankers who used to help bail out financial institutions in crisis have given almost $9 trillion this year to a motley crew amid the pandemicChina’s central bankers may need to pump more than 1 trillion yuan

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PRECIOUS-Gold jumps as dollar retreats post U.S. jobs data, ECB decision

* ECB keeps policy unchanged

* Dollar slips from 4-week high

* Spot gold may rise more to $1,965/oz – technicals

* Interactive graphic tracking global spread of coronavirus: open tmsnrt.rs/3aIRuz7 in an external browser (Adds comments, updates prices)

Sept 10 (Reuters) – Gold rose to its highest level on over week on Thursday, as the dollar retreated on weaker-than-expected U.S. jobless claims data and as the European Central Bank (ECB) kept its policy unchanged.

Spot gold rose 0.8% to $1,961.66 per ounce by 1347 GMT, after hitting its highest since Sept. 2 at $1,963.33.

U.S. gold futures were up 0.66 % at $1,967.70.

The dollar index slipped from four-week highs, making gold less expensive for holders of other currencies, post data showing U.S. jobless claims remaining elevated and the ECB decision.

“The weaker dollar in the very short term and other uncertainties in the long term is keeping the

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Euro dips as traders look towards ECB meeting

LONDON (Reuters) – The euro fell on Monday as traders that have pushed the single currency to multi-year highs took a breather and prepared for the European Central Bank meeting on Thursday to see if policymakers will introduce yet more stimulus.

FILE PHOTO: Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration

The dollar has tumbled to more than two-year lows against the euro in recent weeks as investors bet U.S. interest rates would stay low for longer just as European policymakers agreed a significant recovery fund to boost the economy in Europe.

But the greenback has steadied in recent sessions, especially after the euro’s brief flirtation with the $1.20 level was followed by selling of the single currency.

In thin trading with U.S. financial markets closed for a public holiday, the euro dropped 0.1% to $1.1822 EUR=EBS while the dollar

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FOREX-Dollar steadies after U.S. jobs report, focus shifts to ECB meeting

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E

By Eimi Yamamitsu

TOKYO, Sept 7 (Reuters) – The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank’s meeting on Thursday.

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

In the immediate aftermath, the greenback rallied to its highest in a week at 93.242 against a basket of six major currencies on safe-haven buying, but later retraced its gains as U.S. stock indexes recovered.

The dollar index was little changed on Monday at 92.846. Foreign exchange trading was likely to be subdued as U.S. financial markets are

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Jobs Day in U.S. and Canada, Currency War, ECB Preview: Eco Day

(Bloomberg) — Welcome to Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

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It’s U.S. jobs day — here’s what to expect and how to read the dataThe U.S. is in crisis: A closer look at how income inequality, partisanship, health disparities, the recession, racism and climate change are affecting the countryCanada also reports employment numbers today — read our previewGrowing unease among global central banks about the slumping U.S. dollar has ignited speculation that a fresh currency war might be on the horizonImport restrictions aimed at protecting the Argentinian central bank’s falling reserves of dollars are hindering the country’s key farm industry, according to a trade groupThe U.K. is one of the first countries in Europe to start withdrawing the emergency measures it extended to help the economy through the coronavirus, a move that could imperil millions of jobsThe

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