Currency Newswire » Euro Rising http://www.currencynewswire.com Breaking news and analyses on world currencies and Forex currency trading. Sat, 02 Apr 2011 20:28:11 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Euro Rises Against Dollar as ECB Plans to Buy Covered Bonds http://www.currencynewswire.com/euro-rising http://www.currencynewswire.com/euro-rising#comments Thu, 07 May 2009 14:30:25 +0000 admin http://www.currencynewswire.com/?p=6432 The euro advanced against the dollar after the European Central Bank said it will purchase covered bonds to lower borrowing costs and counter the economic slump.

The 16-nation currency also rose versus the yen after ECB President Jean-Claude Trichet said policy makers decided “in principle” to buy euro-denominated covered bonds. The bank cut the region’s benchmark interest rate by a quarter point to a record low of 1 percent today, matching the prediction of all 53 economists in a Bloomberg survey.  Read more about the European Central Bank…

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