Category: ECB
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Euro gains after ECB rate cut as Lagarde pushes back on October ease By Reuters
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By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The euro rose against the dollar on Thursday after the European Central Bank cut interest rates and its president, Christine Lagarde, tempered expectations for another cut next month, saying the bank would let economic data dictate the next policy move.…
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ECB Lowered Main Deposit Rate by 0.25% as Expected, Growth Forecasts Downgraded
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European Central Bank policymakers unanimously decided to cut their key deposit rate by 0.25% as expected, following a previous cut in June. The central bank cut the deposit rate from 3.75% to 3.50% and the main refinancing rate from 4.25% to 3.65%, citing weak growth prospects due to slowing private…
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ForexLive European FX news wrap: Light movements ahead of ECB decision, more US data
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Headlines: Markets: Australian Dollar Advances, Swiss Franc Lags During the Day European stocks rise; S&P 500 futures up 0.1% US 10-year Treasury yields rise 1.7 basis points to 3.670% Gold rises 0.2% to $2,516.57 West Texas Intermediate crude rose 1.7% to $68.45. Bitcoin price rises 1.0% to $58,057 The session…
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BofA: What we expect from this week’s ECB meeting
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Bank of America expects the European Central Bank to implement a 25 basis point cut in its deposit rate at its September meeting, with a modest negative impact on the euro due to the unchanged guidance and weaker growth outlook. Key points: Interest rate cut expectations: Deposit rate: It is…
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Newsquawk Week Ahead: Highlights include China & US CPI, ECB rate decision, UK GDP
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MondayApple iPhone Event; Japan Revised GDP (Q2), China CPI (Aug), EasySentix (September), US Employment Trends (Aug) Tuesday: US Energy Information Administration report, OPEC August report; Australian business confidence (Aug), German final CPI (Aug), UK unemployment/wage rate (July), Swedish GDP (July), Norwegian CPI (Aug), US non-oil CPI (Aug), China trade balance,…
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ECB Is Poised to Cut Rates Again in Warm-Up Act for the Fed
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Breadcrumbs Path Links PMN Business The European Central Bank is likely to cut interest rates on Thursday in preparation for the US move the following week, with the global monetary cycle tilting towards more synchronised easing. Article author: Bloomberg News Craig Sterling and Vince Gull Published on September 07, 2024…
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A growing rift at the ECB on the economic outlook?
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Well, that’s the potential disagreement that could affect the interest rate cut debate in the coming months. Reports suggest that some policymakers want to focus more on recession fears while others insist on holding firm on the inflation battle. It’s pretty much certain that interest rates will be cut in…
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ECB Muller says confidence growth in Sep cut but after that is less certain
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Newsquawk Week Ahead: Jackson Hole, Fed and ECB Minutes, Canada and Japan CPI, Flash PMI
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19th-23rd August 2024: Mon: US Democratic National Convention (Aug 19-22), Bank of Indonesia Announcement, New Zealand Trade Balance (Jul) Tue: US Democratic National Convention (Aug 19-22), PBoC LPR, RBA Minutes, Riksbank Announcement, CBRT Announcement, EZ Final CPI (Jul), Canadian CPI (Jul) Wed: US Democratic National Convention (Aug 19-22), FOMC Minutes,…
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Wait-and-see ECB boosts euro comeback as King Dollar’s crown slips By Reuters
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By Naomi Rovnick and Dara Ranasinghe LONDON (Reuters) – Traders kept the euro on track for a strong comeback on Thursday as the European Central Bank’s dovish stance after a second interest rate cut in September took concerns about French policy off the currency’s path. As global markets brace for…
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ECB Held Rates Steady, Stressed Importance of Wage Growth in Next Decisions
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As expected, the European Central Bank left interest rates unchanged in its announcement this week and refrained from providing future guidance. European Central Bank President Lagarde and policymakers unanimously agreed to keep the deposit facility rate at 3.75% and the main refinancing operation rate at 4.25%. They indicated in their…
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Euro lower after ECB stands pat, dollar climbs after data By Reuters
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By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – The Japanese yen hit a six-week high before retreating against the dollar on Thursday, keeping traders on alert for signs of official buying, while the euro steadied ahead of a European Central Bank meeting. The single European currency held near four-month…
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Dollar edges higher; euro, sterling weaker ahead of ECB meeting By Investing.com
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Investing.com – The U.S. dollar was slightly higher on Thursday, while the euro fell ahead of a European Central Bank meeting and sterling fell as wage growth in the U.K. slowed. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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European shares open higher, ECB rate verdict on tap By Reuters
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(Reuters) – European shares opened higher on Thursday, led by energy shares, while investors also awaited the European Central Bank’s interest rate decision, due later in the day. Qatar’s main index rose 0.2% at 0711 GMT and was on track to end a three-session losing streak. Oil and gas helped…
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Dollar edges higher on Trump ascendancy; ECB meeting looms By Investing.com
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The U.S. dollar rose in early European trading on Tuesday, pulling away from a one-month low as traders digested the growing chance of former President Donald Trump returning to the White House as well as the possibility that the Federal Reserve could start cutting interest rates in September. At 05:20…
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ECB Poised for Holiday May Prime Markets for September
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Breadcrumb Trail Links PMN Business European Central Bank officials may be about to prime investors for another interest-rate cut, though only after one of the Governing Council’s longest-ever summer breaks between decisions. Author of the article: Bloomberg News Craig Stirling and Marilen Martin Published Jul 13, 2024 • 7 minute…
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Newsquawk Week Ahead: US & UK Retail Sales, Japan, NZ, UK and Canada CPI, and ECB
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Mon: Republican Convention, Holiday: Japanese Marine Day, Eurogroup Meeting, Eurogroup Informal meeting ofEnergy Ministers; Chinese GDP (Q2), Industrial Output/Retail Sales (Jun), Swiss PPI (Jun), US NY FedManufacturing (Jul), EZ Industrial Production (Jun); China’s Third Plenum (15-18th July) Tue: Republican Convention; German Wholesale Price Index (Jun), ZEW (Jul), EZ Trade Balance…
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Citi sees the Fed, the ECB, and the BOE all cutting rates in September By Investing.com
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In its Global Economic Outlook, Citi economists said they expect the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BOE) to cut interest rates in September. The bank said its forecasts aim to balance three main themes: resilient service sectors, persistent inflation above official targets,…
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Jobs Report, ECB Rate Cut Deliver Double Whammy
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Friday dealt a double blow to the Bitcoin market, exposing the cryptocurrency’s sensitivity to the ever-shifting sands of the global economy. Price of digital assets It fell below $70,000 After the confusing US jobs report came as a surprise Reducing the interest rate By the European Central Bank (ECB). Leading…