NewsBreak: Trump Rages as ECB Restarts QE, Cuts Rates

Investing.com

Published Sep 12, 2019 08:28AM ET

Investing.com -- President Donald Trump raged again at the Federal Reserve Thursday after the European Central Bank cut its key interest rate further into negative territory and announced it would restart quantitative easing from November.

  • "They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!" Trump said via Twitter.
  • ECB cut its deposit rate by 10 basis points to -0.5%;
  • ECB will resume quantitative easing on an open-ended basis at a rate of 20 billion euros a month from November
  • EUR/USD at $1.0969 vs $1.1023 immediately before the QE announcement.
  • ECB President Mario Draghi's press conference to start at 8:30 AM ET. Follow it live at investing.com .
  • Get The News You Want
    Read market moving news with a personalized feed of stocks you care about.
    Get The App

    Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

    Sign out
    Are you sure you want to sign out?
    NoYes
    CancelYes
    Saving Changes