The drop of the euro occurred before the decision of European Central Bank (ECB) regarding interest rate is announced. The dollar gained its momentum even after a U.S. Federal Reserve official warned of serious inflation risks to the country. It notes that ECB has held rates steady even as...
Last week the ECB cut interest rates for the third time this year and four sources close to the decision told Reuters a fourth cut was likely in December unless data turned around in the coming weeks. However, on Thursday three ECB officials tried to cool speculation about rate cuts, and K...
The ECB on Thursday announced its fourth interest rate cut of the year, confirming expectations for a quarter-percentage-point move. The decision takes the ECB's key rate to 3%, marking a 1-percentage-point reduction since the bank began its current easing cycle in June 2024. The euro ...
The central bank updates its growth and inflation forecasts next month, at the time of its next policy meeting. Hike prospects The latest decision comes as market participants have started pricing in two rate hikes for the ECB this year. However, the central bank has tried to play down that...
Citing seven sources, Reuters reported on Thursday that the “European Central Bank’s (ECB) October rate decision is seen as wide open.” Additional takeaways ECB doves to fight for October rate cut after weak data. Push for October rate cut likely to face resistance from ECB hawks arguing...
Tokyo stocks advance on ECB interest rate decision, trade tensions cap gainsSource: Xinhua 2018-06-15 15:45:16TOKYO, June 15 (Xinhua) -- Tokyo stocks closed higher Friday as investor sentiment was brightened by the European Central Bank (ECB) opting not to raise interest rates until mid-...
(RTTNews) - French stocks advanced on Thursday amid bets that the European Central Bank (ECB) will announce an interest-rate cut later in the day, responding to falling inflation and worsening economic conditions.
For EUR/USD, the ECB’s rate decision and policy statements are critical. A hawkish or dovish stance could either bolster or pressure the Euro. US Dollar Index (DXY) Dollar Index TheDollar Indextoday exhibits a slight downtrend, decreasing by 0.08% to settle at 103.233, underscoring subtle ...
The slip below $100,000 occurs as traders prioritized defending their positions ahead of the Federal Open Market Committee (FOMC) meeting scheduled for Jan. 28-29. The US rate decision will precede the ECB’s new interest rates slated for Thursday’s release, a day before the US data on ...
have limited policy space. And there is definitely nothing the ECB would like to do to strengthen the euro, as inflation remains persistently low. We have been also assuming that Draghi will meet the communication challenges to offset the end of QE with sufficient forward guidance on rate hike...