The dollar rallied versus European rival Friday after European Central Bank President Mario Draghi said policy makers are ready with unprecedented measures if inflation does not pick up.
It is feared that the euro zone will enter a dangerous deflationary spiral unless the ECB embarks on full-scale quantitative easing via asset purchases.
“If … our policy is not effective enough to achieve this, or further risks to the inflation outlook materialize, we would step up the pressure and broaden even more the channels through which we intervene, by altering accordingly the size, pace and composition of our purchases,” he said to bankers in Frankfurt.
Elsewhere, China’s central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost sagging growth momentum.
The People’s Bank of China reduced the one-year lending rate by 40 basis points to 5.6 percent. The one-year deposit rate was cut by 25 basis points to 2.75 percent.
The dollar jumped to near $1.24 versus the euro, not far from a 2-year peak of $1.2360 set earlier in November.
The buck also rose versus the sterling, improving to $1.56 from near $1.57.
Poltical risk was generated when the UK’s anti-EU party UKIP took a second parliamentary seat from Prime Minister David Cameron’s Conservatives.
Meanwhile, the dollar failed to build on this week’s 7-year peak of Y119 versus the yen. The pair was stuck below Y118 today.
A research from Duke University checked out backpacking
camping tents from 5 brands and came away with prospective industry-changing final thoughts.
An Albuquerque Public Schools spokesperson spokened Tuesday that the male who
passed away while hiking atop Sandia Crest Monday early morning was area Principal Operations Police officer Ruben Hendrickson.
Orlando City Football defeats Montreal Effect 2-1 at Camping Globe Arena
in Orlando on Saturday, May 21, 2016.
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The views was magnificent, the campground impressive as well
as the trails superior, however after 2 night
and day of late-August snow, freezing rain and ice-cold
temperature levels, we obstructed out as well as grabbed
a chopper back to the trailhead.
SEATTLE (AP)– A father and also boy that ended
up being stranded while hiking near Snoqualmie Pass in King
Region were rescued after spending a chilly evening
in the wild.
Time to lace up your boots and hit the trail … This blog post was originally released in 2013.
Yet, when our family members backpacked the
Iceline path in Yoho National Park the following summer season, I was still shod in my reliable old Raichle boots (recall my lifetime investment?).
On that particular trip, tips of thickness as well
as discomfort slipped in. Yet I really did not assume I can ever before discover an additional
pair of boots that would certainly compare.
Orlando City Soccer defeats Montreal Effect 2-1 at Outdoor camping Globe Arena in Orlando on Saturday, Might 21,
2016.