Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High 
Australia GDP Beats Forecast, Boosting RBA Rate Hike Bets 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
BOJ Raises Interest Rate to 31-Year High as Yen Weakens 
Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
US Stocks Rise Ahead of Fed Rate Decision 
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed 
Oil Prices Fall as Saudi Supply Concerns Ease 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Add as a preferred source on Google
The European Central Bank (ECB) is expected to signal that the asset purchase programme will be closed by the end of this year at its monetary policy meeting scheduled to be held next week, according to the latest research report from DNB Markets.
The net purchases are seen to be reduced to EUR15 billion. In light of Peter Praet’s speech on June 6, where he signaled that the ECB is becoming increasingly positive that the three criteria for inflation have been met, the ECB is already at this meeting will specify the number of purchases.
However, there is a significant risk that the ECB will delay specifying purchases until July in order to keep all doors open for as long as necessary. As for interest rates, the central bank is expected to stick to its communication that rates will remain unchanged well past the horizon of the net asset purchases.
"We believe that the deposit rate will be raised in September 2019, somewhat later than consensus expectations," DNB Markets commented in its latest report.
Lastly, FxWirePro has launched Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
