EUR/USD has fallen below 0.9900 for the first time since October 2002. ING economists expect the world’s most popular currency pair to extend your decline towards the 0.9600/0.9650 zone. The 75 basis point hike is too big a jump for the ECB “Gas news has sent EUR/USD to a new yearly low and it is […]
Tag: ECB
ECB Survey: European consumers see inflation for the next 12 months at 5%.
The European Central Bank (ECB) carried out a survey on consumer expectations regarding inflation, the main results of which are indicated below. Perceived inflation over the previous 12 months continued to rise, with the average rate now standing at 7.9%, up from 7.2% in June. Compared to the month of June, consumer expectations for inflation […]
EUR: There is a risk of downward corrections – Commerzbank
In recent days, the euro has managed to hold up well against several currencies. But in the opinion of economists Commerzbankthe euro’s recent move looks reasonably fragile. The ECB seems to be able to convince the market, for now “Recent hawkish comments by members of the European Central Bank (ECB) appear to have had an […]
EUR/USD crashes below 0.9920
EUR/USD plummets almost 1% after encouraging US economic data. The US manufacturing PMI shows that the US economy remains in expansion territory. The money market futures odds of a 75 basis point rate hike by the Fed stand at 75%. The EUR/USD breaks below parity, extending losses after hitting a weekly high of 1.0079 on […]
EUR/USD will remain in a range of 0.9900-1.0100 – ING
The ING economists doubt that the European Central Bank’s (ECB) 25 basis point tightening this fall will make much of a difference to the soft EUR/USD profile. The pair will remain within a range of 0.99-1.01. ECB hawks could struggle to spark euro liftoff “Markets are now pricing in a 69 basis point hike at […]
EUR/USD: Euro Bulls Will Probably Have to Be Patient for Some Time – Commerzbank
The likelihood has increased that the European Central Bank (ECB) will take action, rather than just talk, and raise its key rate by an impressive 75 basis points next week. Nevertheless, the market would probably sell the euro in a first reaction, according to Commerzbank economists. The ECB still has to convince in its comments […]
EUR/USD hovers around 10057 after hitting new highs for the week
EUR/USD advances strongly ahead of US NFPs and next week’s ECB monetary policy decision. The Cleveland Fed’s Mester expects Fed funds rates to rise above 4% and would like to keep them higher for longer. ECB hawks expect at least a 50 basis point hike at the September 8 meeting. Money market futures estimate that […]
EUR/USD: Main Bearish Message Remains – Credit Suisse
EUR/USD has managed to regain parity again. Talk of a 75 basis point rate hike from the European Central Bank (ECB) and positive energy developments in Europe have supported the single currency. However, the Credit Suisse economists maintain their target of 0.9700 for EUR/USD at the end of the third quarter. Positive evolution of the […]
EUR/USD bounces above parity after ECB comments, despite USD strength
EUR/USD advances on the back of ECB Governing Council members expressing the need for a 75 basis point rate hike in September. US consumer confidence rose surprisingly, while job openings beat estimates. German inflation figures for August were in line with estimates, except for headline inflation, which was close to the 8% threshold. The EUR/USD […]
ECB: I am leaning towards a 75 basis point hike in September – Klaas Knot
The official of European Central Bank (ECB), Klaas Knot, he declared on Tuesday that he was leaning towards a 75 basis point rate hike in September, but added that he was open to debate. He said that going back to neutrality would not be enough to tame inflation. He said a buildup of labor could […]