ECB: Recent euro appreciation had material impact on inflation outlook in September projections 0 (0)

ECB releases its account of the September monetary policy meeting
There’s quite a bit of mention on the euro but it is mostly just noting that there is some impact from the latest appreciation on the inflation outlook in general. The minutes fall short of detailing any added concerns beyond what has been said recently.

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Dollar steadies ahead of North American trading, equities keep firmer 0 (0)

The dollar trades little changed for the most part currently
EUR/USD inched a little higher to 1.1780 earlier on in the session before falling back to 1.1753 and testing its 100-hour moving average @ 1.1755. That level held and we’re seeing price stay little changed on the day within a 29 pips range.

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SNB’s Jordan: Supply of money can be reduced at any time if demand for Swiss franc weakens 0 (0)

Comments by SNB head, Thomas Jordan
– Unprecedented expansion in monetary base in recent years does not pose a particular threat to the stability of the Swiss franc’s value
Yeah, I don’t think anything will change in the next decade at least and as Jordan said, the market has very much grown accustomed to the distortion in

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