Mexican Media Brands
Euro Climbs to 28-Month High Against U.S. Dollar
The European Central Bank's decision not to lower interest rates has helped pushed the euro to $1.39 against the American dollar, its strongest since October 2011.
#economics
Share
The European Central Bank's decision not to lower interest rates has helped pushed the euro to $1.39 against the American dollar, its strongest since October 2011.
The euro has been gradually strengthening against the dollar since mid-2012.
The ECB has maintained its prime overnight lending rate at 0.25% since November. Many analysts speculated the bank might reduce the rate because of the tepid pace of the eurozone's economic growth.
But stronger-than-expected 0.3% growth in the final quarter of 2013, coupled with improving indexes of business activity this year, may have convinced the ECB that additional economic stimulation won't be necessary.
RELATED CONTENT
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.