European Central Bank policymakers have fears that inflation may be getting rooted at their last policy gathering, this is why the prevalent trend adopts the idea that interest rates would need to be hiked further according to the accounts of the October 26-27 ECB’s meeting, released on Thursday.The ECB raised …
Read More »Market Drivers – US Session 22/11/2022
The US dollar plummeted on Tuesday amid the better performance of global equities which closed in the green territory on the back of positive risk appetite Wall Street posted considerable gains, adding the most in the final hours of trading. On the other hand, US Treasury yields edged lower with …
Read More »ECB’s Holzmann says leaning towards a 0.75% rate hike as things stand
European Central Bank policymaker Robert Holzmann said on Tuesday he has not decided how he will vote at the next rate-setting meeting in December but unless there is a significant improvement he will favour an increase of 0.75 points. Holzmann told a news conference he could not decide between 0.5 …
Read More »EUR/USD pressured near 1.0250
The EUR/USD pair has maintained the corrective downside well for another trading session and threatens to challenge the key support around the 1.0200 sooner rather than later.With the opening bell of an uneventful session, the US dollar extends the recent comeback by the recent hawkish messages by Fed policymakers. Statements …
Read More »ECB President: The central bank may have to restrict growth to control inflation
European Central Bank President Christine Lagarde said the central bank will continue to raise interest rates and may even need to restrict economic activity to control inflation. The European Central Bank raised interest rates by an unprecedented 200 basis points since July to tackle inflation, and said further policy tightening …
Read More »ECB’s Vice President: Will do ‘whatever is necessary’ to get inflation to 2%,
On Wednesday, ECB Vice President Luis de Guindos said the central bank needed to keep inflation expectations anchored. In a report published Wednesday, the ECB said households and businesses were under pressure from high rates, a poor economic outlook and monetary tightening; but government support needed to be “targeted.”De Guindos …
Read More »ECB’s Holzmann: Interest rates will be increased further
The European Central Bank’s Robert Holzmann has crossed the wires saying interest rates will be increased further.The EUR/USD pair is climbing in the US trading session, though it remains beneath the highs of the day at 1.0481, reached on the release of a softer-than-expected US Producer Price Index (PPI). PPI …
Read More »ECB’s Lagarde: Inflation too high, rates to rise further
European Central Bank President Christine Lagarde repeated that the cycle of interest-rate hikes has to ensure that inflation returns to the 2% target over the medium term.Meanwhile, the EUR/USD pair is on the up and traders have been of the mind that the US economy is slowing enough to allow …
Read More »ECB’s Kazaks: There is no pivot
The European Central Bank’s Martins Kazaks said ”there is no pivot, we still say that inflation is a problem, and we will keep raising rates.”Kazaks has recently said that the ECB must raise interest rates much further, but that it is impossible to say how far because economic uncertainty is …
Read More »EUR/USD faces risk to fall to 0.95 in the weeks ahead
Some economists have revised down their EUR/USD forecast. Accordingly, the pair is expected to slump towards the 0.95 mark.It is not clear if the ECB can support the EUR with rates hikes. The EUR is not fully priced for the headwinds facing the Eurozone economy.There are no guarantees currently that …
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