Euro drops as Bundesbank supports ECB's easing

Source: Reuters
The 18-nation bloc currency dropped on Tuesday trading session falling towards the weakest level in a month versus the U.S. Dollar after a government report showed signaled that Bundesbank would back the ECB's monetary easing in order to support the economy. The Euro decreased as much as 0.4% to $1.3700, the least since April 7.

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Tue, 13 May 2014 15:02:06 GMT

Swedish Crown rises versus Euro on inflation data

The Swedish Crown increased on Tuesday rising against the euro-area currency after a report showed that inflation in the country accelerated by more than economists originally expected and on speculation that the ECB may add more stimulus soon. The Euro slipped 0.5% to 8.9935 Swedish crowns before trading at 9.0420.

Tue, 13 May 2014 14:40:04 GMT

European shares gain with benchmark index at 6-year high

The majority of European shares increased on Tuesday trading session with the local benchmark stock index reaching the highest level in six years after companies report earnings and amid speculation that the ECB may add more stimulus. The FTSEurofirst 300 gauge surged 0.2% to 1,367.17 points, the most since 2008.

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