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Jul 9, 2014
EUR/USD bounces at 1.3600 and trades back at 1.3625
The Euro found buying interest at the 1.3600 area against the US Dollar and after a short period of consolidation, the EUR/USD rose to trade above the 200-hour MA at 1.3615.
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Jul 9, 2014
BoE's Shafik: Increase in household debt the greatest risk for UK stability
During her testimony before UK lawmakers, incoming BoE deputy governor Nemat Shafik said that an improvement in productivity could lead to rates remaining low for a longer period of time and added that the BoE shouldn't unwind asset purchases, until rates are high enough to cut if needed.
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