currencies: Given the difficulties that big emerging market countries are having, there a risk that their currencies will keep weakening, he said, according to Euro News. That an issue for global coordination, and will be discussed in Shanghai in 10 days, Coeure added. Speaking on French TV BFM Business, Coeure the issue would be up for discussion when finance ministers and central bankers from the Group of 20 economic powers meet in Shanghai on Feb. 26-27. Despite the appreciation of the dollar, the euro zone trade-weighted exchange rate has risen by about six percent since reaching lows in April 2015 largely as emerging market currencies have weakened. European stock markets fell to 16-month lows on Monday with concerns about global growth and the impact of negative interest rates stressing financial sector shares. Coeure said the ECB would not let market pressures dictate monetary policy with financial markets anticipating that it will enlarge monetary easing next month, possibly by cutting the deposit rate deeper into negative territory.
(news.financializer.com). As
reported in the news.
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