Tag Archives: ECB

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 …

European Central Bank policymaker Mario Centeno said on Monday that the wage increase in the Eurozone is still compatible with the monetary policy and added that they are not observing and second round effect on wage-setting.“We haven’t seen de-anchoring inflation expectations,” Centeno further reiterated and noted that the ECB has …

The EUR/USD pair is trading at about 1.0722 and is aiming towards 1.0750 as risk appetite among investors has improved. To regain market participants’ confidence, the Fed may decide to postpone further rate increases. ECB Lagarde affirms that the exposure of Eurozone banks to Credit Suisse was measured in millions …

The safe-haven yen rebounded after early sharp declines and the risk-sensitive Australian and New Zealand dollars turned losses as early optimism about global authorities’ efforts to contain a banking crisis ebbed. The Japanese currency, which is particularly sensitive to long-term Treasury bond yields, recovered from sharp losses of 0.6 percent …

Wall Street finished lower on Friday, capping off a turbulent week marked by an evolving banking crisis and the gathering storm clouds of a possible recession. All three indexes finished the session in the red, with financial stocks falling the most of the S&P 500’s major sectors. All three indexes …

Thursday witnessed a spike in stock market volatility. Indexes on Wall Street began the day in the red but ended the day up more than 1%. Nasdaq took the lead with a gain of 2.48%. Fears about systemic risk subsided, improving the market’s attitude. 11 of the biggest American banks …

While investors’ attention shifts to looming Fed policy decision, the EUR/USD pair is performing sideways over 1.0600. At the time of writing, the price of the pair is 1.0613. The ECB’s 50 bps increase in interest rates has reduced the gap between its own and the Fed’s policy stances. Following …

The ECB hiked rates by 50 bps. Economists also believe that the ECB is still worried about the inflation picture and will continue hiking in the upcoming meetings.The ECB hiked rates by 50 bps despite ongoing market turbulence. The uncertain market situation led to the ECB not giving any signals …