DRAGHI Vs YELLEN The U.S. central bank chief sent the euro - TopicsExpress



          

DRAGHI Vs YELLEN The U.S. central bank chief sent the euro sliding below $1.35 last week for the first time since February when she said U.S. interest rates may rise sooner than investors expect. Her European Central Bank peer is having less impact: Draghi’s unprecedented decision to drop a key interest rate to below zero last month pushed the shared currency up 0.2 percent before Yellen’s speech. The euro is also losing its link with the continent’s bond market, as its correlation to the yield spreads of Italy, Spain and Portugal approaches zero.
Posted on: Tue, 22 Jul 2014 08:13:12 +0000

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