- Analytics
- News and Tools
- Market News
- ECB sticks to hawkish policy stance despite weaker data, helping to dampen negative impact on the EUR – MUFG
ECB sticks to hawkish policy stance despite weaker data, helping to dampen negative impact on the EUR – MUFG
Outside of the US, the focus has been on comments from policymakers at the ECB’s annual conference on central banking. Economists at MUFG Bank analyze EUR outlook.
EUR/USD continues to trade toward the top of this year’s trading range
The comments continue to highlight that the weak Eurozone economic data flow is not yet encouraging the ECB to shift away from its hawkish policy stance which is helping to dampen the negative impact on the Euro. It leaves EUR/USD continuing to trade towards the top of this year’s trading range.
ECB President Lagarde is scheduled to speak again later today alongside Fed Chair Powell, BoE Governor Bailey and BoJ Governor Ueda. The ECB, BoE and Fed have all expressed concern recently about the risk of more persistent inflation.
© 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
