- Analytics
- News and Tools
- Market News
- European session review: EUR mixed as investors wait for ECB’s meeting
European session review: EUR mixed as investors wait for ECB’s meeting
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 05:30 | France | Non-Farm Payrolls | Quarter II | 0.6% | 1.1% | |
| 06:45 | France | Trade Balance, bln | July | -6.05 | -6.96 |
EUR traded mixed against other major currencies in the European session on Wednesday, as investors remained cautious ahead of the European Central Bank's (ECB) policy meeting on Thursday, at which its policymakers are to review the bank’s massive stimulus measures.
The single European currency rose against AUD, and CAD, declined against USD and JPY, and changed little against GBP, CHF and NZD.
There are speculations that the ECB may announce a reduction of its emergency asset purchases tomorrow. Analysts polled by Reuters forecast the PEPP purchases are likely to decline to EUR60 billion a month from the current EUR80 billion, before a further decrease early next year and the program's end in March.
Market participants also digested the latest comments by the ECB’s policymakers. The central bank's governing council member Robert Holzmann said he saw the possibility that the ECB might be able to normalize monetary policy sooner than most financial market experts expect. Meanwhile, another ECB official Boštjan Vasle stated that in his view the Eurozone still needs a “highly accommodative” monetary policy. He also warned that the new waves of the coronavirus pandemic might slow the region’s economic recovery.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
