Share: EUR/GBP corrects significantly to near 0.8630 ahead of the German HICP data for September. Germany’s annual HICP inflation is seen softening despite rising energy prices. The UK economy is facing the headwinds of a stubborn inflation outlook and economic woes. The EUR/GBP pair drops vertically to near 0.8630 in the European session.
Share: While speaking before the European Parliament’s Committee on Economic and Monetary Affairs on Monday, European Central Bank (ECB) President Christine Lagarde said that a recession was not a part of the baseline scenario. Lagarde added that the ECB was not talking about rate cuts and noted that the European labor market was finally
DAX, EU Stocks 50 News and Analysis ECB officials have their say, Villeroy, Schnabel, Lagarde German Bund yields reach yearly high, Euro falls EU Stoxx 50 breaches crucial support, focusing on The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library
Share: EUR/USD is approaching 1.06. Economists at Commerzbank analyze the pair’s outlook. Interest rate cuts could become concretely apparent in the US In the medium term, we expect the Fed to lower its key rate again next year as the US economy cools. At the same time, the ECB is likely to keep
Share: 41 of 70 economists polled by Reuters said that they expect the European Central Bank (ECB) to wait until at least the third quarter of 2024 before lowering rates. All 70 economists said they expect the ECB’s key deposit facility rate to remain unchanged at 4% through to year-end. Market reaction The
Share: The EUR/USD couldn’t extend recovery motivation after getting knocked back by Lagarde. Friday rebound facing downside pressure as US Dollar maintains strength. Next week sees market movers on the cards with EU inflation figures, FOMC. The EUR/USD is set to close out Friday’s trading on the back foot, testing the week’s lows
© Reuters. The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency’s strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S. retail sales for August were
© Reuters. Investing.com – The U.S. dollar retreated in early European trade Friday, while the euro rebounded from multi-month lows after the European Central Bank’s latest meeting signaled the rate hike will be its last. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded
The euro fell to its lowest level in over five months against the dollar on Thursday, as the European Central Bank’s (ECB) recent interest rate hike led market participants to believe it could be the last of its kind. The common currency slipped below $1.066 after the ECB’s announcement and continued to decline even after
The Euro (EUR) experienced its worst trading day since July on Thursday, as the European Central Bank (ECB) signaled the potential end of its rate hike cycle. The pair is set to close in the red for the ninth consecutive week, falling into the sub-1.0640 region, marking a six-month low for the Euro against the
