Статьи, помеченные тэгом ‘Governing Council’

Currency exchange rate today: euro falls, dollar is rising, pound is at a standstill

Tuesday, June 1st, 2010

Private markets in the U.S. and the UK provided an excellent atmosphere of tranquility and lazy fluctuations in the currency market. Of course, the absence of a large number of players could lead to high volatility, but nothing like this has happened, except for the weakening of the yen in response to political developments in Japan. Nevertheless, we expect that in the near future the dollar will retain its status as the most popular currencies, given the uncertainty about global economic prospects.

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The European Central Bank rejects ratings

Thursday, May 13th, 2010

One of the key members of the Governing Council of the European Central Bank (ECB), Lorenzo Bini Smaghi on Thursday lashed out at the international rating agencies. He stated that the rating agencies contribute to procyclicality of the market and exacerbate the situation with the general distortion of prices. Ratings agencies have lost credibility because their ratings are not always independent,” – said Bini Smaghi.

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