FX Rate Updates

EUR/USD Slips as ECB Weighs Further Rate Hikes

The ECB is anticipated to maintain its deposit rate at 2.50% during the meeting on Thursday. Energy-driven price pressures sustain investor expectations for a potential rate hike by the Central Bank in December. Markets are keenly anticipating commentary from the ECB regarding inflation risks, growth prospects, and the trajectory of future monetary policy. The EUR/USD … Read more

FX Rate Updates

EUR/USD Slips Toward 1.1170 as Fed and ECB Decisions Loom

EUR/USD softens to approximately 1.1170 during the early Asian session on Tuesday. Traders are poised for the upcoming Federal Reserve and European Central Bank policy meetings later this week, seeking new momentum. Moody’s has decided to maintain France’s credit rating at its current level. The EUR/USD pair extends its decline near 1.1170 during the early … Read more

FX Rate Updates

EUR/USD Recovers to 1.1220 as French Unrest Limits Euro Gains

The EUR/USD pair appreciates to approximately 1.1220 during the early hours of the Asian session on Monday. France’s debt and political concerns may limit the potential appreciation of the Euro. Market participants prepare for the forthcoming interest rate decisions from the European Central Bank and the Federal Reserve later this week. The EUR/USD pair recovers … Read more

FX Rate Updates

EUR/USD Slips Toward 1.13 as Fed-ECB Policy Gap Widens

EUR/USD has declined to approximately 1.1325 on Thursday. US PCE inflation increased at a rate below expectations in August, leading to a decrease in the anticipation of a Federal Reserve rate hike this month. ECB’s Lagarde emphasised that the central bank ought to implement a “measured response” in light of the absence of evidence indicating … Read more

FX Rate Updates

EUR/USD Falls as Fed Rate Hike Bets Strengthen

The EUR/USD pair has experienced a decline, trading at approximately 1.1585 during the early hours of the Asian session on Monday. Traders are intensifying their expectations that the Federal Reserve will raise its benchmark interest rate by a quarter percentage point on Wednesday. The ECB’s hawkish stance has led to heightened expectations regarding additional rate … Read more

FX Rate Updates

EUR/USD Holds Steady as ECB Rate Hike and US PPI Loom

EUR/USD remains stable around 1.1635 during the early Asian session on Thursday. The European Central Bank is anticipated to raise interest rates during its policy meeting scheduled for September on Thursday. The US August PPI inflation data is set to be the focal point later on Thursday. The EUR/USD pair remains stable at approximately 1.1635 … Read more

FX Rate Updates

EUR/USD Gains as ECB Rate Hike Expectations Support Euro

EUR/USD appreciates to approximately 1.1630 during the early Asian session on Wednesday. The ECB is poised to increase its benchmark interest rates by 25 basis points during its upcoming policy meeting on Thursday. The key US inflation reports will attract significant attention later this week. The EUR/USD pair is experiencing upward momentum, approaching 1.1630 in … Read more

FX Rate Updates

EUR/USD Edges Higher as ECB Hike Bets Offset Strong US Jobs Data

EUR/USD is experiencing modest increases, hovering around 1.1615 during the early hours of the Asian session on Monday. In August, the US Non-Farm Payrolls increased by 162,000, with the Unemployment Rate remaining unchanged at 4.1%. The ECB is anticipated to implement a second rate increase in September. The EUR/USD pair exhibits slight increases around 1.1615 … Read more

FX Rate News

EUR/USD Steady Amid Fed Rate Outlook and ECB Hike Bets

The EUR/USD currency pair remains stable around the 1.1625 mark during the early hours of the Asian session on Friday. Waller from the Federal Reserve indicated his intention to endorse maintaining the current interest rates during the upcoming September meeting. The ECB is anticipated to implement a second rate increase in September, according to the … Read more

FX Rate Updates

EUR/USD Rises as ECB Hawkishness Supports Euro

The EUR/USD pair experiences an upward movement, propelled by the hawkish stance of the European Central Bank, which has led to gains in the euro. Market participants are increasingly factoring in a potential deposit rate hike to 2.50% in September. ECB official Schnabel cautions that the conflict in the Middle East, coupled with economic resilience, … Read more