Euro heads lower to 28-month lows

(Reuters) – The euro fell towards recent 28-month lows against the dollar on Friday, as the European Central Bank moved towards a fully-fledged government buying programme to kickstart the economy. Reuters reported on Friday that ECB officials were considering ways to ensure weak countries that stand to gain most from money printing bear more of the risk and cost. The

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Dollar Rally Post Surprise FOMC Action

Central banks have been quite active over the past 24-hours. Yesterday the FOMC stirred speculation over the timing of its policy normalization, as it clearly struggles with transitioning from time-based guidance to responding to incoming economic data. While the phrase “considerable time” was left in the statement, the FOMC’s choice to include the word “patient” to describe its attitude towards

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Stock markets around the world were under pressure

LONDON (AP) — Stock markets around the world were under pressure Wednesday amid the volatility of the Russian ruble and ahead of a key policy meeting at the U.S. Federal Reserve. 5 photos Photo – The facade of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stocks were mostly lower Wednesday Dec. 17, 2014 as oil prices tumbled

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