The ECB'S Growing Concern Over The Impact Of The Exchange Rate Is Growing.

Delagi (P) > a href= "http://www.91se91.com/news/index_cj.asp", "European /a" central bank governor, reiterated on Sunday (April 13th) that the European Central Bank is increasingly concerned about the impact of the exchange rate.

Delagi once again said, "if the euro is further strengthened, it is necessary for the European Central Bank to adopt unconventional measures including quantitative easing."

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< p > Delagi pointed out at the spring meeting of IMF in the past, "in the past few months, a href=" http://www.91se91.com/news/index_cj.asp "> exchange rate < /a > is becoming more and more important for price stability. We realize that although this is not the only factor, it is an important factor.

Therefore, in the case of stronger exchange rates, further monetary stimulus measures are needed.

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< p > Delagi also emphasized that the euro exchange rate is not a href= "http://www.91se91.com/news/index_cj.asp" > policy > /a > target, and refused to set specific exchange rate price for further loosing.

However, Delagi said the single currency system in the euro zone helped the euro area reduce its inflation rate by 0.4%-0.5%.

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< p > because of the decline in US and global stock markets, investors' demand for security assets has increased, and the US dollar has risen to most of the major currencies for 11 days.

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< p > by the day's announcement of mixed financial statements and investor sentiment, the main stock index of New York stock market continued to decline on the 11 day, of which the Nasdaq composite index fell below the 4000 point mark.

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P earlier this week, the US dollar fell to its lowest level in five months, mainly because the last meeting of the Federal Reserve released a hint that the Fed would not raise interest rates in the near future.

Minutes of the meeting show that several members of the Federal Open Market Committee believe that the US interest rate rise may be overestimated, making the market think that the Fed will not raise interest rates in the near future.

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< p > economic data, data released by the US Department of labor show that the US wholesale price index rose 0.5% in March, higher than expected, indicating signs of inflation.

In addition, the consumer confidence index released by Thomson Reuters and University of Michigan in April was 82.6, the highest level in nine months.

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< p > up to the end of the day, New York's foreign exchange market was 1 euro to 1.3886 US dollars, higher than the 1.3839 US dollars of the previous trading day, and the exchange rate of 1 pounds was 1.6745 US dollars, which was lower than the 1.6788 US dollars of the previous trading day, and the 1 Australian dollar was US $0.9398, lower than the 0.9425 US dollars of the previous trading day.

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< p > $1 to 101.58 yen, up from 101.45 yen on the previous day; 1 US dollars to 0.8753 Swiss francs, lower than the 0.8762 Swiss franc of the previous day; 1 US dollars to 1.0962 Canadian dollars, higher than the 1.0920 yuan of the previous day.

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