EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation. ECB’s Panetta emphasized an expansionary monetary policy stance to prevent inflation from remaining well below the bank’s target. Deutsche Bank sees the Fed cutting interest rates in December but expects it to be a close call. […]
European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the central bank is “still a long way from the neutral rate.” Additional comments If domestic demand remains weak, inflation could fall well below 2%. The ECB should move to neutral monetary policy stance, or even expansionary if necessary. Eurozone economic activity […]
EUR/USD weakens as investors await a slew of Fed speakers for fresh interest rate guidance. The Euro declines as Trump’s policies are expected to weigh on the Eurozone’s exports. This week, investors will focus on the US inflation data for October. EUR/USD posts a fresh six-month low near 1.0650 in Monday’s North American session. The major currency pair weakens as the election […]
ECB board member Isabel Schnabel argued that the European Central Bank does not need to lower interest rates to a level that would stimulate the economy, as she believes inflation is unlikely to fall below the bank’s 2% target. Key Quotes Disinflation remains on track, which allowed us to lower rates further in October, but […]
EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off […]
EUR/USD lost another one-third of one percent on Thursday. The ECB cut rates in-line with expectations, stripping support from underneath the Euro. US data blew the doors off market forecasts, further bolstering the Greenback. EUR/USD continues to backslide following the European Central Bank’s (ECB) quarter-point rate trim early Thursday. A lack of bullish momentum has […]
EUR/JPY drifts lower amid bets for another ECB interest rate cut later this Thursday. The BoJ uncertainty and a positive risk tone cap the JPY, lending support to EUR/JPY. Traders keenly await the ECB rate decision and cues about the further policy path. The EUR/JPY cross attracts fresh sellers during the Asian session on Thursday, […]
EUR/USD withered further on Wednesday, sagging below 1.0900. ECB rate cut looms large around the corner, broadly expected to trim rates 25 bps. Final EU inflation figures are unlikely to move the needle on Thursday. EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European Central Bank’s […]
EUR/USD faces pressure near 1.0950 as the US PPI came in hotter-than-expected. The Fed is expected to cut interest rates by 25 bps in November. The Euro holds strength despite firm ECB dovish bets amid a faster-than-expected decline in Eurozone inflationary pressures. EUR/USD falls back to near the key support of 1.0930 in Friday’s New York session. The […]
EUR/USD faces selling pressure as the US Dollar holds onto gains ahead of the US CPI data for September. Fed officials are highly concerned about reviving job growth. The Euro is under pressure as the ECB is expected to reduce interest rates further by 50 bps by the year-end. EUR/USD exhibits a weak performance in […]
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EUR/USD enters a bearish consolidation phase after last week’s downfall to mid-1.0900s. The USD preserves the post-NFP gains to a multi-week top and caps the upside for the pair. Bets for another ECB rate cut in October undermine the Euro and further act as a headwind. The EUR/USD pair kicks off the new week on […]
