the following was a statements from Vitor Constancio, ECB vice president:
Mario Draghi, Governor of the European Central Bank, made the following statement:
The German Constitutional Court on Wednesday rejected a request for a court order to stop the Bundesbank from participating in the European Central Bank's € 2.3 trillion asset purchase program, ($ 2.7 trillion).
US labor market data came at the top of last week's economic data, showing the US economy improved despite the economy losing 33,000 jobs in September, but wage and unemployment data showed a marked improvement. The desire for the independence of Catalonia from Spain also dominated the eurozone significantly.
Yves Mersch, ECB Executive Board member, made the following statement:
The European Central Bank (ECB) is starting to publish more details about its corporate bond holdings following pressure from European and national policymakers to make purchases more transparent. Data on corporate bond holdings by country, rating and sector will be released today.
The US dollar rose today to its highest level in seven weeks as the dollar index reached 93.81 in the light of the continued positive data from the US economy and remains waiting for employment data tomorrow which affected by the recent hurricanes. Today's data showed that the trade deficit shrank for August as exports rose to a two-and-a-half year high.
The US dollar succeeded in stabilizing higher than an important support at the end of the third quarter of 2017, as the dollar index rose from 92.40 after it continued its decline since the end of the first quarter of the year, reaching the lowest level since January 2015 at 90.97.
The start of the week was dramatic for the euro, despite the success of Angela Merkel for a fourth term during the German federal elections on Sunday, September 24, the Christian Democratic Union (CDU) and the Christian Social Union (CSU) win 33% of the vote. The ruling party's current partner the Social Democratic Party (SDP) printed the worst result since the Second World War by getting 20.5%, prompting the leader of the party to describe this day by bitter today, and the shock was in the success of the far right-wing party to enter parliament for the first time in half a century, represented by the Alternative for Germany Party (AFD), which has not been established for 4 years.
Following are the highlights of the European Central Bank's monthly bulletin:
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