04-23-2008, 04:23 AM
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Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,733
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Quote:
The European Central Bank's benchmark rate, 4.00 percent, is already substantially higher than that of the US Federal Reserve, which stands at 2.25 percent.
Higher interest rates in the eurozone -- and the likelihood that they will not change -- makes the euro a more attractive investment than the dollar.
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http://uk.news.yahoo.com/afp/2008041...e-5268574.html
Quote:
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There is a feedback loop'' between oil and the euro, Yasunari Ueno, chief market economist at Mizuho Securities Co. in Tokyo, wrote in a research note today. Higher oil prices ``raise expectations of an ECB rate rise and this leads to a stronger euro and a weaker dollar on widening rate gaps. This further leads to higher oil
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http://www.bloomberg.com/apps/news?p...d=adfeA4rY_2yA |
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