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EM currency index hits record high A major index of emerging market currencies has hit its strongest level on record, as the dollar's recent weakness magnifies the positive impact of wider optimism about global growth prospects. The MSCI Emerging Markets Currency index closed on Thursday at 1,727.55, overtaking the previous peak of ...
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Currency War Is Last Thing World Needs: ECB's Coeure FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at the ECB headquarters in Frankfurt, Germany, May 17, 2017. Picture taken May 17, 2017. REUTERS/Kai Pfaffenbach Reuters. DAVOS (Reuters) - Major ...
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Dollar's recovery fades but Trump remarks keep it off lows But sentiment toward the world's reserve currency remains fragile and it remains under pressure. Mr Trump's comments came a day after Steven Mnuchin, US Treasury secretary, touted the trade benefits of a weaker currency, sending it sharply lower. Mr Trump's words helped pull the dollar index back ...
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ECB recap: Draghi offers warning on euro, but shared currency continues surge The European Central Bank on Thursday left interest rates unchanged, as expected, and also left forward guidance unchanged, reaffirming that rates will remain at present levels for an extended period and well beyond the end of its asset-buying program scheduled for September. ECB President Mario ...
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