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S&P Futures
5,179.50 +12.00 (+0.23%) Dow Futures
38,314.00 +76.00 (+0.20%) Nasdaq Futures
18,226.25 +47.00 (+0.26%) Russell 2000 Futures
2,030.60 +10.80 (+0.53%) Crude Oil
85.38 -0.28 (-0.33%) Gold
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EUR/USD (EURUSD=X)
| Previous Close | 1.0646 |
| Open | 1.0646 |
| Bid | 1.0656 |
| Day's Range | 1.0636 - 1.0658 |
| 52 Week Range | 1.0450 - 1.1276 |
| Ask | 1.0651 |
The Wall Street JournalDollar Gains as Central Banks in Europe Gear Up to Cut Rates
Signs that central banks in Europe may diverge from the Federal Reserve are driving the dollar to its strongest levels in months. U.S. inflation is proving difficult to quell, raising the prospect of the Fed sustaining high interest rates. The Bank of England could also start cutting this summer if inflation continues to subside in the U.K., analysts say.
Yahoo Finance VideoDon't hold your breath for euro/dollar parity: Forex expert
The European Central Bank (ECB) has decided to hold interest rates at their current level for its fifth consecutive meeting. In a press conference, ECB President Christine Lagarde referenced the US Federal Reserve's own monetary policy, stating: "We are data-dependent, not Fed-dependent." DZ Bank Head of FX and Monetary Policy Research Sonja Marten joins Yahoo Finance to discuss the recent decision from the ECB and how it impacts global markets. In terms of the parity call and what investors should keep in mind for their portfolios, Marten states: "What's really important to understand is that as far as the FX [foreign exchange] market is concerned, this is all about relative performance. If you look, and I'm talking now really about fundamental growth, so if you look at Europe and you look at the data in recent months, been really, really poor. We have recession in Germany, things aren't looking good, but if you look at what the market is pricing in, that's already in the price and if you look at the US, the opposite almost is the case. What I'm saying is in terms of euro-dollar, while there's a lot going on right now... I don't think there's a driver here for euro-dollar to move significantly higher or lower lastingly, so we have a fairly flat forecast." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Nicholas Jacobino
Yahoo Finance VideoECB moving in 'right direction' on inflation: Fmr. ECB Pres.
As growing uncertainty unfolds around the Federal Reserve's monetary policy path, the focus shifts across the Atlantic to the European Central Bank (ECB). The ECB has decided to hold interest rates steady, with deposit rates sitting at 4% for the fifth consecutive meeting. To provide insights on this decision, Former President of the European Central Bank Jean-Claude Trichet joins Yahoo Finance. Trichet suggests that the ECB's message in holding rates steady is "pretty clear," believing the central bank is "going in a good direction" on its efforts to combat inflation and has not made any "pre-commitment" on rate cuts. He says this would have left the ECB "trapped in an overhaul of expectations" that a June rate cut would occur. However, Trichet notes that the expectation of a June rate cut is "not a done deal," as there are many factors that could shift expectations in this "very... uncertain" environment. He emphasizes that the ECB's goal is to reach a 2% inflation target by 2025 and he is "confident" that the central bank is on the right course to achieve that. Trichet also points out that while the US is also looking to move towards a 2% inflation target, Europe is closer to reaching that goal: "We are not as parallel... in the decreasing of inflation as we were perhaps before." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
- The Wall Street Journal
Sorry, ECB. It’s U.S. Inflation Data Driving European Markets.
It’s the Federal Reserve's world and we’re all just living in it. Markets failed to react when the European Central Bank held interest rates steady but signaled it could pivot to policy easing in June.
- The Wall Street Journal
ECB Signals It’s Moving Closer to a Cut But Keeps Rates Steady
The European Central Bank held interest rates at a record high and signaled it is moving closer to rate cuts, even as the Federal Reserve’s path to monetary easing becomes less straightforward.Read the ...
- The Wall Street Journal
The ECB Could Beat the Fed to Rate Cuts. Here’s What That Means for Markets.
Doubts about how soon the Federal Reserve may cut interest rates have investors considering an unusual scenario: The European Central Bank may beat Washington to the policy-easing punch. The ECB is set to release its latest policy decision Thursday. Bets that the Fed will wait until July have also risen.
FX EmpireOcta’s Research: Inflation in the U.S. is Still a Concern
U.S. consumer inflation is creating a worrying environment for investors. Rising housing and petrol prices worsen consumer inflation, thereby delaying key rate cuts and strengthening the dollar.
FX EmpireOcta’s Review Of Upcoming Central Bank Decisions
Three policy rate decisions over 48 hours will test investors’ interest rate expectations. What will central banks decide next week? Octa analysts share their opinion.
FX EmpireFrance: Higher-than-expected 2023 Deficit Tests Fiscal Targets
France faces important fiscal, social and political hurdles to finding additional savings in the next four years, challenging the execution of its medium-term fiscal consolidation strategy ahead of 2027 elections.
FX EmpireFed Signals Three Cuts; Gold Keeps Its Shine
The latest plot suggests three cuts in each of this year, next year and 2026.