EUR/USD reaches a six-week peak as ECB lowers interest rates and US unemployment claims fall short.
Market Overview: EUR/USD and Economic Indicators The EUR/USD has been on the rise, achieving its highest level since April 22nd. The European Central Bank (ECB) has cut key interest rates by 25 basis points, shifting towards a more data-driven approach. Initial unemployment claims in the US climbed to 247,000, exerting pressure on the dollar as […]
ECB plans to lower interest rates again as inflation concerns ease
The European Central Bank (ECB) Chair, Christine Lagarde, is set to discuss the ECB’s choice to cut rates by 25 basis points during its June policy meeting. She will also field questions from reporters. You can follow live updates on ECB decisions and how the markets react. Key Takeaways from the ECB Press Conference “The […]
ECB lowers interest rates and remains flexible
The European Central Bank’s Latest Moves The European Central Bank (ECB) has reduced interest rates as anticipated, while keeping its options open for future meetings. This move comes after a summer pause in its year-long cycle of easing. Since June of last year, the ECB has lowered borrowing costs eight times, totaling a decrease of […]
Forex Update: ECB rate decision and US data expected to increase volatility
Market Update for Thursday, June 5th Here’s a quick rundown of today’s financial scene: Major currency pairs are experiencing some fluctuations this Thursday morning, wandering within their weekly ranges. The European Central Bank (ECB) has just released its monetary policy decision. On the other hand, the US Economic Calendar is dishing out job data for […]
EUR/USD continues to drop as Eurozone inflation suggests more easing from the ECB
EUR/USD declines further as Eurozone CPI falls short of expectations. US Factory Orders and unexpected job data may hinder US Dollar recovery. The US dollar index hovers around a nearly six-week low at 98.60. EUR/USD is experiencing a drop from 1.1450, moving back below 1.1400 as of this writing. The May Consumer Price Index (CPI) […]
EUR: A rate cut by the ECB in June seems likely
ECB Minutes and Commentary Support Rate Reduction Recent minutes from the ECB and commentary seem to back the 25 basis point rate cut made in June, as highlighted by FX analyst Christener. The Euro’s Position as a Liquid Alternative to the USD “The deposit rate stands at 2.00%. This is already factored into the market, […]
EUR/USD gains further on potential Russia-Ukraine peace, ECB policy in focus – FXStreet
The EUR/USD shows a strength of around 1.0500 as positive developments to end the war in Ukraine improved the appeal of the Euro. The ECB is expected to cut interest rates by 25 bps on Thursday. President Trump has imposed 25% tariffs on Canada and Mexico, and another 10% on China. EUR/USD is slightly above […]
Bitcoin Has No Place in EU Central Bank Reserves, Says ECB Chief – Bitcoinist
The President of the European Central Bank of Central Bank, CHRISTINE LAGARDE, has declared that Bitcoin cannot enter the EU Central Bank safe. In recent statements, Lagardo pointed out that bitcoin has no decisive characteristics of preliminary asset liquid, security, or stability. She commented on the rising debate on the potential roles in Bitcoin's national […]
Dollar set to pounce on euro if ECB offers dovish guidance – Yahoo Finance
Wayne Call Sydney (Reuters) -The yen of Japan made a widespread profit on Thursday, as Japan seemed to be steady to keep raising interest rates as others were reduced. The circle was almost the only Mover in Asia. The dollar was 154.43 to 0.5 %, and the euro was the same as 160.96 yen. Otherwise, […]
EUR/USD is at parity risk as traders price in four ECB rate cuts this year – FXStreet
EUR/USD has provisional support around 1.0220. However, further declines seem likely. The Fed is expected to cut interest rates twice this year. Investors are awaiting December US ISM manufacturing PMI and German HICP data. EUR/USD found temporary support in North American trading on Friday after plummeting to near 1.0220, its lowest level in more than […]