http://www.dailyreckoning.com/euros-...-from-a-rumor/
Quote:
The story/rumor fueling the euro’s bounce off of near 3-month lows yesterday, is speculation that Germany plans to help ease the financial turmoil in the Eurozone, and eastward. I told you yesterday that I didn’t want to have to say it, because this is against my thoughts on how these things should work, but that the Bundesbank needed to get involved. Well, the rumors are that they will… Remember, that the Bundesbank is Germany’s central bank, and the most powerful central bank in Europe. There’s a press conference scheduled for this afternoon in Germany (which will be this morning for us!) and it is expected that Germany’s chancellor Angela Merkel will announce the plans to ease the financial turmoil then.
Quote:
The story/rumor fueling the euro’s bounce off of near 3-month lows yesterday, is speculation that Germany plans to help ease the financial turmoil in the Eurozone, and eastward. I told you yesterday that I didn’t want to have to say it, because this is against my thoughts on how these things should work, but that the Bundesbank needed to get involved. Well, the rumors are that they will… Remember, that the Bundesbank is Germany’s central bank, and the most powerful central bank in Europe. There’s a press conference scheduled for this afternoon in Germany (which will be this morning for us!) and it is expected that Germany’s chancellor Angela Merkel will announce the plans to ease the financial turmoil then.