EUR/USD drifted mostly sideways on sedate Wednesday, heads into quiet Thursday. Fiber traders will be on the lookout for Thursday’s US unemployment applications. Friday looms ahead with PMI activity figures on both sides of the Pacific.
What is the ECB and how does it impact the Euro? The European Central Bank in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
Source: Digital Coin News (digitalcoinnews.net)
PMI ECB
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: EUR/USD holds in range after a disappointing US ADP surveyFinancial markets were mostly quiet throughout the first half of the day, with the US Dollar achieving modest intraday gains amid prevalent caution.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD softly higher, but technical pressures persist heading into lopsided WednesdayEUR/USD is drifting slowly higher in tepid market conditions heading into a quiet Wednesday that sees low-impact EU data and darkened US markets for a midweek holiday shutdown.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD recovered ground on Wednesday, but hits ceiling post-FOMCEUR/USD launched higher on Wednesday, climbing after broad-market risk appetite surged following a cooler-than-expected print in US Consumer Price Index (CPI) inflation, but a hawkish tilt to the Federal Reserve’s latest update to its dot plot of interest rate expectations crimped market sentiment to round out the day.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD churns chart paper but makes little progress ahead of Wednesday’s German CPI inflationEUR/USD rose to an intraday high near 1.0890 on Tuesday before market flows dragged the pair back down to familiar levels near 1.0860, and the pair is holding on-balance as Euro traders head into a fresh print of German Consumer Price Index (CPI) inflation.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD eased lower on Wednesday after FOMC Meeting Minutes miss the markEUR/USD knocked lower on Wednesday after the Federal Reserve’s (Fed) latest Meeting Minutes revealed the Federal Open Market Committee (FOMC) are grimly determined to wait for more proof inflation will ease to 2%, sending risk appetite lower as rate-cut-hungry investors keep hoping for dovish signs from the US central bank.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 30, 2024 13:00 GMT when EUR/USD traded near 1.08.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
Source: DailyFX - 🏆 305. / 63 Read more »