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ECB's Bonnici: More action is likely not needed given how things are going Dhwani Mehta

11:23 23 May /2016 Forex

European Central Bank’s (ECB) Governing Council member and the governor of the Central Bank of Malta, Josef Bonnici, was on the wires last hour, noting that he doesn’t see need for further ECB action at present.

Key Quotes:

What we've done already should be enough

More action is likely not needed given how things are going

Need to let measures work their way through

Expects a bit more optimistic prognosis for inflation

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China MOFCOM: Consumption growth to remain robust in 2017

Reuters reports headlines from the Chinese Commerce Ministry (MOFCOM) on foreign investments and consumption growth.Key Points:Consumption growth outperforms goods consumption Consumption growth to remain robust in 2017Claims that foreign investment is leaving China

05:46 21 February /2017 Forex

NZD/USD hit four-day low

The NZD / USD pair extended early losses to hit a four-day low of 0.7155 levels as sentiment around milk powder prices weakened ahead of today’s Global Dairy Trade (GDT) auction.Milk futures weakenWhole milk powder futures contrac

05:46 21 February /2017 Forex

GBP/USD flirts with lows near 1.2450, BOE eyed Dhwani Mehta

The GBP/USD pair fails once again to sustain near 1.2480 region in the Asian session, now breaking lower from an upside consolidative phase amid resurgent greenback demand across the board.

05:46 21 February /2017 Forex