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EUR/USD slides as ECB is set to cut interest rates by 25 bps to 3% – FXStreet

EUR/USD fell to around 1.0530 as investors awaited major events such as US inflation and the ECB policy meeting. The ECB is widely expected to cut deposit facility rates by 25 basis points to 3% on Thursday. Economists expect U.S. annual core CPI to have grown steadily by 3.3% in November. EUR/USD fell to around […]

Crypto academics slam controversial ECB paper blasting Bitcoin – Cointelegraph

A controversial European Central Bank paper released earlier this month came close to calling Bitcoin a pyramid scheme, only to be slammed in a lengthy rebuttal by a group of crypto scholars. The ECB paper “portrays Bitcoin's volatility, lack of productive contribution, and concentration of wealth as serious flaws,” wrote Murray Rudd of the Bitcoin […]

EUR/USD remains vulnerable on firm US Dollar, ECB dovish bets – FXStreet

The EUR/USD pair remains in a weak position as the ECB is expected to cut interest rates again in December. ECB President Lagarde is expected to give new hints on the outlook for interest rates on Tuesday. Fed policymakers believe a smaller rate cut is appropriate. EUR/USD is trading near round level support at 1.0800 […]

US Dollar advances after ECB dovish outlook, US Retail Sales – FXStreet

Expectations for Fed easing continue to evolve, with two rate cuts by year-end almost priced in. Retail sales unexpectedly rose in September, and weekly new jobless claims fell. The ECB's Lagarde is concerned about the EU's economic outlook, which is benefiting the US dollar. The US Dollar Index (DXY), which measures the value of the […]

EUR/USD extends decline as ECB rate call looms ahead – FXStreet

EUR/USD fell by another fifth on Tuesday. The results of the ECB bank survey have reduced the euro's bullish potential. The ECB is widely expected to cut rates by another 25 basis points this week. EUR/USD fell further to the bearish side on Tuesday, dropping by a fifth of 1% and falling below the 200-day […]