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ECB to taper pandemic buys after Sept, COVID-19 variants top risk | Hellenic Shipping News Worldwide

ECB to taper pandemic buys after Sept, COVID-19 variants top risk | Hellenic Shipping News Worldwide
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ECB to taper pandemic buys after Sept, COVID-19 variants top risk: Reuters poll

Swathi NairShrutee Sarkar 4 minute read The headquarter of the European Central Bank (R,ECB) is photographed in Frankfurt, Germany, January 22, 2021, REUTERS/Kai Pfaffenbach BENGALURU, July 13 (Reuters) - The European Central Bank will start tapering its pandemic-related asset purchases after its September meeting and stop buying them by the end of March, according to a Reuters poll which showed the top economic risk was new COVID-19 variants. After announcing a new strategy last week that allows the central bank to tolerate inflation higher than its new 2% symmetric target, ECB President Christine Lagarde said on Monday the bank would change its policy guidance at its July 22 meeting. read more

POLL-Swedish, Norwegian currencies set to firm amid economic recovery

reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EURNOK= EURNOK poll data OSLO, July 2 (Reuters) - The Swedish and Norwegian currencies will continue to make gradual gains against the euro and dollar during the next 12 months, propelled higher by the ongoing economic recovery from the coronavirus pandemic, a Reuters poll of analysts showed. Vaccination against COVID-19 is accelerating in the Nordic region while international trade is rebounding, resulting in rapid economic growth for Sweden and Norway and lending support to their currencies. Having plunged in March last year during the first wave of infections, the Swedish crown quickly regained lost ground and now trades around 5% stronger against the euro than its pre-pandemic level and 12% stronger against the U.S. dollar.

Dollar s near-term outlook bright, but to fade in a year: Reuters poll

4 Min Read BENGALURU (Reuters) - Near-term bets in favour of the dollar should be increased, a majority of analysts in Reuters polls said, who however were split on the duration of the greenback’s bullish trend and forecast its allure to fade in a year. A man counts U.S. dollar banknotes at a currency exchange shop in Beirut, Lebanon, June 11, 2021. REUTERS/Mohamed Azakir Tracking the Federal Reserve’s surprisingly hawkish outlook at the June meeting, the dollar ended its two month losing streak and gained about 3% against a basket of currencies last month, marking its best monthly performance in 4-1/2 years.

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