Tag Archives: ECB

On Friday, the dollar headed for the most extended period of weekly losses in nearly three years as traders reinforced expectations that the Federal Reserve is about to end the cycle of raising interest rates after indications that inflation may subside. Thursday’s data showed US wholesale prices, which are measured …

“Eurozone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears,” said French central bank chief Francois Villeroy de Galhau late Tuesday per Reuters.The EUR/USD pair grinds higher and holds onto the …

According to Reuters, policymaker for the European Central Bank (ECB) Pablo Hernandez de Cos stated on Monday that core inflation in the Eurozone is expected to continue high for the remainder of the year.“There is still territory to be covered in terms of monetary policy,” de Cos continued, “if the …

Wall Street rose on Friday, with the Nasdaq index posting its biggest quarterly percentage gain since June 2020, after signs of easing inflation raised hopes that the Federal Reserve would soon end its aggressive campaign to raise interest rates. The Standard & Poor’s 500 Index posted gains for the second …

The most recent information released by Eurostat on Friday revealed that the annualised Harmonized Index of Consumer Prices (HICP) for the Eurozone decreased to 6.9% in March from 8.5% in February. The market anticipated a decrease in the inflation rate to 7.1% for the reporting period. Contrary to expectations of …

The EUR/USD pair has held onto and defended the 1.0900 support as investors see more rate hikes from the ECB. Solid wage growth and labor shortage led to a jump in monthly German inflation. The EUR/USD pair is trading at 1.0903 at the time of writing.S&P500 futures continued their upside …

According to Isabel Schnabel, ECB board member, the Eurozone’s underlying inflation is proving stubborn, increasing concerns that excruciatingly high price growth may become more enduring.Schnabel, on Wednesday, claimed that while a widening of corporate profit margins is also a primary cause of inflation, rapid nominal wage increases may be a …

Earlier on Wednesday, the EUR/USD rose to the area of 1.0870. Despite increased US yields, the currency is still broadly purchased. Hawkish ECB language keeps the pair in the black. In spite of the greenback’s robust note on Wednesday, the EUR/USD currency pair maintains daily advances in the vicinity of …

Despite Wall Street’s losses on Tuesday, markets remained calm. When emphasis shifts to inflation statistics, banking concerns abate. Even though US rates increased, the US Dollar remained weak and dropped for the second straight day. Australia’s inflation data will be crucial on Wednesday before the next RBA meeting. The US …

The EUR/USD pair recovers on Monday despite Monday’s higher Treasury bond yields. It had fallen over the previous two days. The risk-on impulse of Monday supported the Euro at the expense of the US Dollar.The EUR/USD pair hit a daily low of 1.0744 during a quiet trading day in the …