ECB Leaves Deposit Facility Rate Unchanged at (0.4%); QE Efforts Reaffirmed
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ECB cuts FY18 GDP growth outlook from 1.7% to 1.6% (FXE)
September 8, 2016 8:39 AM EDTECB cuts FY18 GDP growth outlook from 1.7% to 1.6%.
... MoreDollar rises after U.S. oil inventories data boost bets on Fed move
September 7, 2016 9:21 PM EDTBy Dion Rabouin
NEW YORK (Reuters) - The dollar rose against the yen on Thursday, spurred by a jump in oil prices that put upward pressure on U.S. inflation expectations and pushed traders to increase their outlook on a rate hike from the Federal Reserve.
Oil prices surged more than 4 percent on Thursday after U.S. inventory data showed crude stocks dropped by the most since January 1999, as imports fell due to Tropical Storm Hermine last week. [EIA/S]
The dollar rose 0.75 percent against the yen to 102.54. The currency pair is generally... More
