Euro sags as rates held steady
The euro
London - Egypt Today
The euro slid back under $1.18 on Thursday after the ECB held interest rates and kept the easy money spigot open despite hiking its growth forecast for the eurozone.
Meanwhile US stocks added to records following solid US retail sales data and as Disney advanced following a mammoth acquisition of key 21st Century Fox assets.
The European Central Bank, as expected, left its headline interest rates unchanged at historic lows, including the main refinancing rate pegged at zero, and kept its huge support for the eurozone economy in place.
But it significantly lifted its eurozone growth forecasts, expecting to see the economy expand 2.4 percent this year, 2.3 percent in 2018 and 1.9 percent in 2019.
However inflation is not expected to return to its optimal level of just under 2 percent, with the ECB saying it expects consumer prices to rise 1.7 percent in 2020.
GMT 13:59 2018 Wednesday ,24 October
Key accused in fake accounts case heldGMT 15:11 2018 Friday ,19 October
Oil dividend could turn Libya into North Africa’s NorwayGMT 11:09 2018 Friday ,28 September
'No deal' Brexit would force many UK firms into EU shiftGMT 14:12 2017 Tuesday ,19 December
European stock markets steady after strong gainsGMT 11:24 2017 Friday ,15 December
May accepts EU plan to postpone trade talks until MarchRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 14:55 2018 Sunday ,07 October
Abu Dhabi schools show a 34 per cent improvement in performance
GMT 13:04 2018 Wednesday ,03 October
Qureshi agreed cooperation with United States
GMT 08:37 2017 Wednesday ,09 August
Gulf diplomatic crisis splits families, dashes dreams
GMT 12:50 2015 Wednesday ,28 January
15 Israeli soldiers killed in Hezbollah missile attack
GMT 11:52 2018 Tuesday ,23 January
Saudi university to open driving school for women
GMT 03:50 2017 Sunday ,23 April
Drought-hit Somalia moves closer
GMT 09:30 2017 Saturday ,08 July
Law enforcement forces in N. Sinai in manhunt
GMT 09:20 2017 Sunday ,29 October
World downhill champion Stuhec out of Olympics
GMT 09:08 2017 Tuesday ,15 August
Iranian drone buzzes US aircraft over Gulf
GMT 10:16 2017 Monday ,27 March
Emaar vs. Amazon: Battle royal for Souq and future of e-commerce
GMT 08:28 2017 Friday ,07 July
Beauty & hair magazine
GMT 13:22 2017 Tuesday ,09 May
Palestinian hunger strike heightens tension with Israel
GMT 04:39 2013 Tuesday ,22 October
The costs of America's retrenchment and Russia's activity
GMT 12:10 2015 Thursday ,26 November
UAE Space Agency launches Planet Mars contest
GMT 14:27 2018 Thursday ,01 November
German businesses support closer EU-Russia ties
GMT 14:39 2018 Monday ,15 October
Russian military helps recover crossing point for Nasib Border between Syria and Jordan
GMT 15:03 2018 Thursday ,11 October
"United States" No Syria reconstruction aid if Iran stays
GMT 06:27 2018 Thursday ,11 October
Hurricane Michael charges into Southeast after slamming north Florida
GMT 14:56 2018 Monday ,08 October
Barca held again as Sevilla lead La Liga
GMT 07:10 2018 Wednesday ,03 October
French police arrest gangster on the run since spectacular escape
GMT 15:25 2013 Thursday ,18 July
Mubadala petroleum sells interest in Petrofac Emirates
GMT 12:18 2015 Monday ,28 September
VW's Audi: 2.1m cars worldwide fitted with emission-cheating software
GMT 22:20 2012 Thursday ,08 November
RMA launches manufacturing plant in Bahrain
GMT 18:27 2014 Saturday ,27 December
Internet outage in area between Cairo, Kafr el-Dawwar
GMT 10:40 2018 Monday ,24 September
South Korea-Japan summit to be held
GMT 07:26 2018 Wednesday ,19 September
Yemen conflict: A million more children face famine, NGO warns
GMT 09:56 2018 Tuesday ,18 September
Gulf Air receives Thales InFlyt Experience officials
GMT 14:44 2018 Monday ,17 September
Khan Al-Ahmar awaits its fate as Israel continues to ‘go wild’
GMT 22:52 2018 Wednesday ,05 September
Porcshe GT3 back for 10th season
GMT 15:01 2016 Monday ,27 June
Oil seen by Crescent Petroleum hitting $60 this year on demand
GMT 10:15 2017 Tuesday ,28 March
EU says Brazil must 'restore trust' in meat exports
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor