The ECB Rate Hike and The Expected Meetings Weakens EUR/USD.

ECB

The US Dollar’s downfall has been greatly inflated if the last 24 hours are anything to go by. It has eased slightly through the Asian session. As anticipated, EUR/USD retraced losses in prior sessions after the European Central Bank (ECB) raised rates by 75 basis points.

The language from ECB President Christine Lagarde after the decision led to the assumption that further jumbo hikes from the bank may not be set in stone. She said that rate move would be considered on a ‘meeting by meeting’ basis. This is despite persistent very high inflation.

This Post Has 4 Comments

Leave a Reply

Contact Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.