Open Demo Account
Home / Market Update / Forex Market / Italy’s Draghi: ECB hikes bound to be more gradual than in US

Italy’s Draghi: ECB hikes bound to be more gradual than in US

Mohamed Abdelhamid 16 June, 2022 9:19 pm Forex Market, Market Update

“The European Central Bank’s (ECB) decision to hike the interest rate is inevitable”, Italian Prime Minister Mario Draghi said on Thursday.

“ECB interest rise is bound to be more gradual than in the US,” Draghi added and said that it was totally counterproductive for politicians to comment on the ECB’s policy.

As for the market’s reaction, the Euro continues to outperform its rivals on Thursday and the EUR/USD pair was last seen trading at its highest level in nearly a week at 1.0550, rising more than 1% on a daily basis.

Tags

Check Also

Asian Markets Mixed as U.S. Election and China’s Fiscal Policies Weigh on Sentiment

Most Asian markets faced declines on Tuesday, with traders cautious ahead of the U.S. presidential …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends