The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the se…
The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the securities purchased under the program.
The EUR/USD pair strongly reacted to the ECB's decision and touched a new level of 1.09. Analysts do not see any scope for EUR's appreciation.
"We can imagine that we will see a further mini rate step in March when the ECB leaders will probably be forced to revise their optimistic inflation outlook (especially the core rate) downwards. However, an increase of the monthly QE purchases does not seem likely - as yesterday's decision taught us", says Commerzbank in a research note.
FXStreet reported that Rabobank Senior FX Strategist Jane Foley questioned whether recent gains reflected renewed haven demand; Bank of Japan assets fell 17.3% from March 2024 to September 2026.
The Japanese yen soared to a 2.5-month high on Friday, strengthening to 149.285 per dollar, following a sharp rise in Japan’s core inflation, which hit a 19-month high of 3.2% in January. This bolstered expectations of a…
The euro lost its shine against the US dollar due to strong US economic data and dovish comments from ECB members. It hit a fresh year-low yesterday and is hovering around that level. Yannis Stournaras from the European …
