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European Central Bank Meeting Major Focus. U.S. Jobs Data Disappoint

European Central Bank Meeting Major Focus. U.S. Jobs Data Disappoint

3 Years ago | September 03, 2017 00:00:00

John M. Bland, MBA


Key ECB Meeting On Thursday There was chatter near the end of the week just ending that ECB officials feel the euro is too strong and that its strength is putting the Eurozone fragile economic recovery at risk. This week the EURUSD surged to a two-and-a-half year high and that has put pressure on Germany exports Furthermore, the stronger euro threatens to lower inflation, which is already well below target. On Thursday it was announced that flash Eurozone HICP had increased only 1.20% y/y vs. 1.20% for the same number in July. Core HICP gained 1.

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