Euro bulls are set for an anxious summer ahead as doubts creep in over how far the ostensibly still-hawkish European Central Bank will go with interest rate rises.
The euro has been on a stellar run, up roughly 3.5% against the dollar so far this year to just under $1.11 . Measured against the currencies of the euro zone's main trading partners, it is not far off this month's record highs.
The ECB, he added, would "keep the inflation-fighting mask on" for a few more months, while at the same time weak data would be "feeding into communication and eventually policy". The euro fell 0.9% against the dollar, with stubborn inflation and a growing risk of a recession pulling policymakers in opposing directions.
That is partly because of weakness in the yuan, which accounts for over 10% of the basket, and has been hurt by a lacklustre Chinese economy. "I'm a little sceptical of markets thinking that they will twist at this point into a more dovish position," said Francesco Sandrini, head of multi-asset strategies at Amundi, Europe's largest asset manager.
Further euro gains were not expected to unsettle policymakers since this would help keep the costs of imports - and overall inflation - down.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
European stocks set for upbeat open after Fed hike; ECB decision aheadEuropean stock markets were set for a sharply higher open on Thursday in the middle of two major central bank policy decisions.
Weiterlesen »
European stocks higher; Barclays, ECB meeting in focus By Investing.com⚠️BREAKING: *EUROPEAN STOCKS RALLY ACROSS THE CONTINENT AHEAD OF ECB RATE DECISION AS EARNINGS CONTINUE TO POUR IN 🇪🇺🇩🇪🇫🇷🇮🇹🇳🇱🇪🇸🇬🇧
Weiterlesen »
Fed optimism lifts European shares to nine-week highs ahead of ECBEuropean shares rallied to nine-week highs on Thursday, driven by hopes the Federal Reserve was done with interest rate hikes and some upbeat earnings reports, while investors looked ahead to the European Central Bank's policy decision.
Weiterlesen »
EUR/USD Price Analysis: Retreats from 1.1100 within nearby bearish channel as ECB fears mountEUR/USD Price Analysis: Retreats from 1.1100 within nearby bearish channel as ECB fears mount – by anilpanchal7 EURUSD Technical Analysis ECB Fed ChartPatterns
Weiterlesen »
EUR/JPY Price Analysis: Stays defensive above the 155.00 area, ECB, BoJ eyedThe EUR/JPY pair loses momentum and remains on the defensive above 155.00 in the Asian session. Market participants await the outcome of the European
Weiterlesen »
EUR/GBP Price Analysis: ECB concerns, oversold RSI conditions test sellers near 0.8550EUR/GBP Price Analysis: ECB concerns, oversold RSI conditions test sellers near 0.8550 – by anilpanchal7 EURGBP Technical Analysis ChartPatterns SupportResistance ECB
Weiterlesen »