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Markets grow skeptical that the ECB will hike rates again, weighing on the euro
Last week the market was placing higher odds on the ECB hiking rates than leaving them unchanged at the Sept 14 meeting but now there's just a 30% chance of a hike. What changed?Three stories have done the majority of the lifting:On Friday, an 'ECB sources' report said momentum for a pause in its rate hikes was buildingToday, the ECB's Schnabel said activity has moderated visibly, and forward-looking indicators signal weakness aheadToday, ECB vice president Deguindos said the Latest data from Ju...
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Posted: Aug 31 2023, 17:09
Author Name: forexlive
Views: 111611