Euro TUMBLES against pound as Mario Draghi issues fresh European Central Bank policy warning

18 Juin, 2019, 17:12 | Auteur: Auguste Feret
  • Weekly chart for EUR USD

"Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA", Trump wrote on Twitter.

"In the absence of improvement, such that the sustained return of inflation to our aim is threatened, additional stimulus will be required", Draghi said, speaking at the ECB's annual meeting in Sintra, Portugal.

With just four months of his eight-year term left, the slowdown in the eurozone may threaten to unpick Draghi's legacy. The Italian's promise in 2012 to do "whatever it takes" to save the euro is widely credited with holding together the currency bloc during the darkest days of its sovereign debt crisis. His suggestion that China and the euro area are deliberately aiming for weaker exchange rates against the dollar underpins his broader view that big United States trading partners have been competing unfairly to the detriment of American workers.

Reopening a spat over transatlantic trade with the European Union that has repeatedly flared-up during Trump's presidency, he warned Brussels it had been "getting away with this for years, along with China and others".

Trade is a main policy issue for Trump, who has raised disputes with a number of rival world economies including the European Union.

Retour à Toulouse pour les champions de France — Rugby
En battant Clermont (24-18) au Stade de France, le Stade Toulousain a conquis samedi son 20e Bouclier de Brennus, sept ans après son dernier sacre.

Erik Karlsson inks 8-year deal to stay in San Jose
Louis Blues , have apparently done enough to convince Karlsson to sign long term. Erik Karlsson , the most illustrious UFA of 2019, is staying in San Jose.

Off-duty LAPD officer fired fatal shot in California Costco shooting
Corona resident Will Lungo, 45, said he and his wife were near the produce and alcohol sections when he heard gunshots. They heard four shots and tried to escape through emergency doors, but they wouldn't open, the pair told the station.

The comments from Mr Draghi sent the euro falling against Sterling earlier this morning, with the pound worth €1.1197 at 10.03am BST. He added there was still "considerable headroom" for more asset purchases and "further cuts in policy interest rates and mitigating measures to contain any side effects remain part of our tools".

He also said the European Central Bank could offer "mitigating measures" to offset the unwanted side effects of negative rates, a comment indicating that a multi-tier deposit rate was also on the table.

He added that the ECB would use the "coming weeks" to study its options, suggesting that action from the bank may come sooner rather than later.

While no rate move is expected as Fed policy makers gather Tuesday and Wednesday, economists and investors generally agree it will cut borrowing costs this year.

Conseillé:

  • Woman's hilarious cake fail goes viral after simple misunderstanding

    Woman's hilarious cake fail goes viral after simple misunderstanding

    Ms Casey's cousin, Harriet Alida Lye who is based in Toronto, Canada, shared a photo of the cake to Twitter . All we can say is, "Happy birthday, Siobhan". "This has definitely made the HOPE team's day".
    Castaner se dit ouvert à un débat — Quotas d’immigration

    Castaner se dit ouvert à un débat — Quotas d’immigration

    Christophe Castaner précise cependant qu'aucune nouvelle loi sur l'immigration n'est envisagée. Il a fixé le premier en septembre.
    Copa America: How Colombia beat Messi-led Argentina 2-0

    Copa America: How Colombia beat Messi-led Argentina 2-0

    Meanwhile, Argentina will be hoping to silence doubters against Paraguay on Thursday, June 20, in their second group game. Argentina can not afford to lose again in their remaining two group-stage matches against Paraguay and Qatar.
  • Flight attendant thrown into roof during terrifying turbulence

    They said the attendant was in the process of collecting drinks from passengers when the incident occurred. According to EuroAirport, some passengers reported being burned by scolding water from the drink tray.
    We may have helped give our canine pals 'puppy dog eyes'

    We may have helped give our canine pals 'puppy dog eyes'

    She said the eyebrow movement also might give people "the illusion of human-like communication". The researchers conducted their facial anatomy comparison on four wolves and six dogs.
    Un prequel en librairie en 2020, avant un nouveau film — Hunger Games

    Un prequel en librairie en 2020, avant un nouveau film — Hunger Games

    La trilogie The Hunger Games est une dystopie postapocalyptique, où les jeunes doivent se battre et se tuer, en direct à la télévision.
  • Manchester United Consider Playing Wilfried Zaha Card In Aaron Wan-Bissaka Chase

    Manchester United Consider Playing Wilfried Zaha Card In Aaron Wan-Bissaka Chase

    The PSV Eindhoven star had his breakthrough season in 2018/19 which culminated in him winning an worldwide cap. One of those slots is the right-back position, which was left weakened after Antonio Valencia's departure.
    Attribution du Mondial-2022 au Qatar : Michel Platini en garde à vue

    Attribution du Mondial-2022 au Qatar : Michel Platini en garde à vue

    La justice française tente de mettre au clair les conditions litigieuses de l'attribution de la Coupe du monde 2022 au Qatar . En octobre 2015, l'ancien président de la Fifa Sepp Blatter, contraint au départ, avait mis en cause la France.

    Sotheby's sold to French-Israeli billionaire for $3.7bn

    Drahi said his investment was aimed at the "very long term" and that he had no plans to change Sotheby's business strategy. A woman stands in front of Andy Warhol's "Superman" at a pre-auction viewing at Sotheby's in Los Angeles, California.
  • NY lawmakers OK licenses for immigrants in U.S.  illegally

    NY lawmakers OK licenses for immigrants in U.S. illegally

    It's an especially contentious issue in some suburban communities where critics say the legislation is a path to citizenship. He said he would wait for the state attorney general's office to weigh in before deciding whether to sign the measure.

    Anaheim Ducks to hire San Diego Gulls’ coach

    Eakins also has National Hockey League head coaching experience, leading the Edmonton Oilers to a 36-63-14 record from 2013-15. Eakins, 52, has coached the Gulls throughout their four seasons in the AHL, after coaching the Edmonton Oilers from 2013-14.
    Platini arrested as part of 2022 World Cup investigation

    Platini arrested as part of 2022 World Cup investigation

    The Associated Press reported that a justice official with knowledge of case also said Platini had been arrested. Platini was banned from all footballing activity after receiving and accepting a payment from Sepp Blatter.


Populaire

Eoin Morgan blasts record 17 sixes against Afghanistan
Morgan reached his half-century in 36 deliveries and then took just 21 more balls to bring up his 13th ODI century. Afghanistan is at bottom of the standings, with four defeats in four matches.

Kelly Ripa & Mark Consuelos' Daughter Walked in on Them Having Sex
Consuelos described that Lola opened the door while they were right in the middle of intercourse. The run-in made for quite an "awkward brunch".

Nigeria: plus de 30 morts dans un attentat de Boko Haram
Le triple attentat a eu lieu vers 21H00 (18H00 GMT) à Kadunga. "Neuf personnes sont mortes sur le coup", a précisé le milicien. Triple attentat suicide au Nigeria , à Konduga, une ville située à 38 km de Maiduguri, la capitale de l'Etat du Borno.

How Boaty McBoatface has increased our understanding of climate change
Red-faced officials chose to ignore the popular vote and instead named the vessel the RRS Sir David Attenborough in honour of the veteran broadcaster.

Man Who Shared Christchurch Shooting Video Sentenced To 21 Months In Prison
Tarrant last week pleaded not guilty to terrorism charges, as well as 51 counts of murder and 40 of attempted murder. A police officer stands guard in front of the Masjid Al Noor mosque in Christchurch, New Zealand , March 17, 2019.

Kate Middleton : elle est prête à tout pour un 4e enfant
Des symptômes très lourds, qui nécessitent très souvent une hospitalisation de la future maman. De fait, Kate souffre d'Hyperemesis Gravidarum , une forme grave des nausées de la grossesse.

Cardi B Suffers Wardrobe Malfunction at Bonnaroo
Cardi's show-stopping performance at Bonnaroo comes after she was forced to cancel shows due to complications from plastic surgery .

Jawaani Jaaneman: Saif Ali Khan & Alaia Furniturewalla Starrer Takes Off!
Ideal start to their shoot together for her debut film Jawaani Jaaneman . "Best of luck for handsome new beginnings". She captioned the image: "My daughter Alaia with Saif Ali Khan at the World Cup match in London".

Japan has world's lowest proportion of working-age people, United Nations report says
The report confirmed that the world's population is growing older due to increasing life expectancy and falling fertility levels. In the same period, India is expected to add 273 million people more to its headcount.

Japan distancing itself from USA claims of Iranian involvement in tanker attacks
The images are said to show an Iranian speedboat, approaching one of the vessels to remove an unexploded limpet mine. The U.S. has blamed Iran for the attack, saying they suspect another limpet mine attack on oil tankers by Iran.