Bank of France Governor Christian Noyer said the U.S. investigation into BNP Paribas SA’s dealings with sanctioned nations may encourage companies to stop using dollars in international transactions.
European Central Bank Governing Council member Christian Noyer said a strengthening euro creates unwarranted pressure on the euro-area economy.
Retail sales in the U.S. probably picked up in May as more people bought cars and took to shopping malls, data in the coming week may show.
France’s central bank chief rejected the view that the euro region is undergoing a systemic crisis, playing down the risk of contagion from Ireland’s turmoil and hailing the euro as a “tremendous success.”
Granting Dexia SA an exemption from some parts of the European Central Bank’s asset check is sensible because the lender is to be wound down, Banque de France Governor Christian Noyer said.
"We could say that companies would have maximum interest to do the most possible transactions in other currencies."
- Christian Noyer on Jun 11, 2014
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