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Euro Strength May Be Overblown

Just how worried should the European Central Bank be about the strong euro? Some economists say, not at all.
A strong currency can make an economy’s goods and services more expensive in global markets, damping exports. It could also weaken already low inflation in the euro zone by reducing the cost of imported goods.


Source: http://blogs.wsj.com/economics/2014/04/17/euro-strength-may-be-overblown/?mod=WSJ_EC_RT_Blog

Talking Down the Euro Gets a Little Harder

For those wondering why the euro has remained stubbornly strong in the face of repeated verbal intervention from top European Central Bank officials, look no further than the latest current account numbers.
The euro zone’s current-account surplus, a broad measure of its international financial position, stood at 21.9 billion euros ($30.2 billion) in February, down a bit from January’s record-high of EUR25.4 billion. In contrast, the U.S. runs a sizable current account deficit.


Source: http://blogs.wsj.com/economics/2014/04/16/talking-down-the-euro-gets-a-little-harder/?mod=blogmod

Grand Central: Central Bankers To World: Take Our Currencies, Please

The Wall Street Journal’s Daily Report on Global Central Banks for Monday, April 14
Sign up for the newsletter: http://on.wsj.com/grandcentralsignup.
“Both history and theory have the same lesson: It is possible to undo what might now appear to be permanent changes.” – Minneapolis Fed President Narayana Kocherlakota.


Source: http://blogs.wsj.com/economics/2014/04/14/grand-central-central-bankers-to-world-take-our-currencies-please/?mod=WSJBlog

ECB Officials Keep Focus on New Measures To Support Euro Zone

The euro crisis has receded, but European Central Bank officials were still out in force during meetings of the International Monetary Fund in Washington. The eyes of financial markets remain firmly fixed on the ECB because at a time when other central banks are weighing exit strategies, the ECB has talked openly about unveiling more stimulus.
Here are some highlights from the IMF meetings:


Source: http://blogs.wsj.com/economics/2014/04/14/ecb-officials-keep-focus-on-new-measures-to-support-euro-zone/?mod=blogmod

Euro Czar Dijsselbloem: Low Inflation Is Good News If Kept Quiet

Low inflation in the euro zone is good news, but not if critics keep sounding the alarm about it.
That’s the view of a top euro-zone finance official, Jeroen Dijsselbloem, who says it’s a lot better to hear concerns about low inflation in Europe than crisis-era warnings about the breakup of the euro zone or the loss of the single currency.


Source: http://blogs.wsj.com/economics/2014/04/11/euro-czar-dijsselbloem-low-inflation-is-good-news-if-kept-quiet/?mod=WSJBlog

ECB’s Nowotny: Additional ECB Easing Steps ‘Clearly Possible’

Fresh stimulus measures from the European Central Bank are “clearly possible” to guard against the risks of excessively low inflation, but the bank should wait until its June meeting to consider whether to take them, Austrian central bank governor Ewald Nowotny said in an interview.


Source: http://blogs.wsj.com/economics/2014/04/11/ecbs-nowotny-additional-ecb-easing-steps-clearly-possible/?mod=blogmod

ECB’s Coeure: The Stronger the Euro, the More Need for Monetary Accommodation

If the euro continues to strengthen, the euro zone will need more stimulus from the European Central Bank, a top official from the central bank said Friday.
“The stronger the euro the more need for monetary accommodation,” said Benoit Coeure, executive board member with the ECB, in an interview with Bloomberg TV in Washington D.C., during the spring meetings of the International Monetary Fund.


Source: http://blogs.wsj.com/economics/2014/04/11/ecbs-coeure-the-stronger-the-euro-the-more-need-for-monetary-accommodation/?mod=WSJBlog
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