Thanks to the Swiss National Bank’s historic decision to peg the franc to the euro by buying foreign currencies in ‘unlimited amounts’ , investors have once again turned their focus to the euro zone and the many troubles that the regional currency is facing. Nations such as Italy are quickly racing to institute more austerity measures while countries such as Greece face bond yields at astronomical amounts, suggesting a resolution to the crisis is coming one way or another before too long. In light of this, the recent moves by the ECB to raise rates to their current level at 1.5% seem unwarranted, especially given that Germany’s economy has weakened significantly over the past few months. As a result, many investors will look to today’s meeting by the ECB in Frankfurt to help set the record straight on monetary policy across the Continent heading into the fall. At the ECB [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Caution, Bumpy Trading Ahead Three ETFs To Watch This Week: GLD, FAA, FXE ETF Insider: Debt Doomsday Approaches ETF Insider: Default Fears Destabilize Markets ETF Insider: Bullish On Equities
Thanks to the Swiss National Bank’s historic decision to peg the franc to the euro by buying foreign currencies in ‘unlimited amounts’ , investors have once again turned their focus to the euro zone and the many troubles that the regional currency is facing. Nations such as Italy are quickly racing to institute more austerity measures while countries such as Greece face bond yields at astronomical amounts, suggesting a resolution to the crisis is coming one way or another before too long. In light of this, the recent moves by the ECB to raise rates to their current level at 1.5% seem unwarranted, especially given that Germany’s economy has weakened significantly over the past few months. As a result, many investors will look to today’s meeting by the ECB in Frankfurt to help set the record straight on monetary policy across the Continent heading into the fall. At the ECB [...]
Click here to read the original article on ETFdb.com.
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