Tag: EUR/USD
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Euro pushes higher as ECB chief Lagarde says inflation is still too high
Christine Lagarde, President of the European Central Bank (ECB), announces a new monetary policy decision. Frederik Florin | Afp | Getty Images The euro was seen trading higher against the US dollar on Wednesday following comments from European Central Bank President Christine Lagarde that inflation is “still high”. The euro rose about 0.2% against the […]
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UBS-Credit Suisse deal puts Switzerland’s reputation at stake
UBS on Sunday agreed to buy its embattled domestic rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) as part of a government-backed deal at cut prices. Swiss authorities and regulators helped regulate the deal, which came amid fears of contagion to the global banking system after two smaller US banks collapsed in recent […]