Euro falls as ECB Weidmann says negative rates could stem firm currency

LONDON, March 25 Tue Mar 25, 2014 6:04am EDT

LONDON, March 25 (Reuters) - The euro fell to a day's low on Tuesday after European Central Bank governing council member and Bundesbank chief Jens Weidmann said negative interest rates would be more appropriate to use to counter a higher exchange rate.

Weidmann also added that it was not 'out of the question' for the ECB to buy bank assets to fight deflation, in a softening of the German central bank's strict stance on the issue.

The euro was down 0.2 percent $1.3805, having risen to around $1.3840 after a mixed German Ifo survey. (Reporting by Anirban Nag; Editing by Emelia Sithole-Matarise)

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Comments (1)
theyenguy wrote:
The result of the statement was that European Debt, EU, rose in value as peripheral nation interest rates traded lower.

Inflation no more as Jesus Christ fully completed liberalism, defined as freedom from the state, on March 28, 2014, as both a paradigm and an age, and pivoted the world into that of authoritarianism, by turning equity investments, World Stocks, VT, Nation Investment, EFA, Global Financials, IXG, as well as credit investments, Distressed Investments, FAGIX, and Junk Bonds, JNK, lower in value, with a strong sell off of the most credit sensitive investments, such as the Nation of Greece, GREK, and its bank NBG, the US Small Caps, IWM, (and its Small Cap Pure Value, RZV, and Small Cap Pure Growth Stocks, RZG), Regional Banks, KRE, United Kingdom Banks, LYG, RBS, and BCS, as well as the China Small Caps, ECNS, as well as the most speculative of stocks, such as Solar Energy, TAN, Internet Retail, FDN, Nasdaq Internet, PNQI, China Technology, CQQQ, Social Media, SOCL, Cloud Computing, SKYY, Software, IGV, Internet Retail, FDN, Nasdaq Internet, PNQI, Pharmaceuticals, PJP, Spin Offs, CSD, Media, PBS, Biotechnology, IBB, and IPOs, FPX.

The new normal economic dynamic is destructionism, which will be seen in economic deflation, and ever increasing austerity, coming largely from disinvestment out of currency carry trade investments, and derisking out of debt trade investing on the exhaustion of the world central banks’ monetary authority, as these have crossed the rubicon of sound monetary policy and have made money good investments bad.

Look for interest rates to continually move higher, as on October 23, 2013, as is seen in Revelation 6:1-2, Jesus Christ opened the first seal of the Scroll of End Time Events, releasing the Rider on the White Horse, who has a bow without any arrows, that is the Bow of Economic Sovereignty, to effect global economic coup d’etat to transfer sovereignty from democratic nation state to sovereign regional leaders and sovereign regional bodies, such as the ECB, by enabling the bond vigilantes to start calling the Interest Rate on the US Ten Year Note, ^TNX, higher from 2.48%.

Jesus Christ beginning in March 2014, is developing authoritarianism, the debt serf, working through his debt servitude, is the centerpiece of economic activity, as all the debts of liberalism will be applied to every man, woman and child on planet earth, until all of liberalism’s fiat wealth and fiat money is utterly pulverized into dust as is foretold in bible prophecy of Daniel 7:7.

Mar 27, 2014 7:47am EDT  --  Report as abuse
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