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ECB’s Asmussen on Securities Market Program

Written January 19, 2012 at 2:57 AM EST by Vincent Facchino 

 * ECB cannot use its bond-buying program to prop up troubled euro zone states forever

 * governments bear the main responsibility for fighting the debt crisis

  * The SMP (Securities Markets Program) is neither unlimited nor can it last forever

 * sees no inflationary danger from the SMP program, goal of the SMP is to improve market conditions

 * ECB has a mandate to contribute to the stability of financial markets

 * This crisis is not a euro crisis but rather a crisis of state debt

 

 

Archived in Forex News

1-19 Economic Calendar

Written January 18, 2012 at 11:41 PM EST by Vincent Facchino 

Archived in Economic Statistics

Swiss PPI rises 0.3% in December, a 0.3% decline was expected

Written January 16, 2012 at 3:23 AM EST by Vincent Facchino 

Usd/Chf trades at .9525, unaffected by number.

Archived in Forex News

E/Z trade surplus for Nov. at EU6.1 bln vs. 0.7 bln estimate

Written January 13, 2012 at 5:03 AM EST by Vincent Facchino 

Eur/Usd up slightly to 1.2835 since release.

Archived in Forex News

UK PPI weaker than expected

Written January 13, 2012 at 4:35 AM EST by Vincent Facchino 

PPI Input m/m came in at -0.6%, weaker than the 0.0% estimate.

PPI Output m/m came in at -0.2%, weaker than the 0.1% expected.

Gbp/Usd lost 10 points to 1.5345 upon release.

Archived in Forex News

Spanish banks ECB borrowings rise by EU21 Bln from Nov. to Dec. (EU98 bln to 118.9 bln)

Written January 13, 2012 at 4:04 AM EST by Vincent Facchino 

Eur/Usd feels affects of news dropping to 1.2836.

Archived in Forex News

1-13 Economic Calendar

Written January 12, 2012 at 11:33 PM EST by Vincent Facchino 

Archived in Economic Statistics

E/Z Industrial Production drops 0.1% in Nov. vs. -0.2%

Written January 12, 2012 at 5:10 AM EST by Vincent Facchino 

Eur/Usd came off 10 points to 1.2740 on news and has retraced back to 1.2750.

Archived in Forex News

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