Breaking news
EUR/USD is trading heavy below the 200-day tantalizing moderate (1.0873). The threat is the ECB delivers a dovish 25 bp cut today which will further weigh on EUR, BBH FX analysts existing.
Breaking news Dovish cut today can further weigh on EUR
“The ECB is broadly expected to cut the key curiosity rate 25 bp to 3.25% (1:15pm London) and reiterate that it ‘is now not any longer pre-committing to a particular rate course.’
“On the other hand, ECB president Christine Lagarde will seemingly sound dovish for the duration of her post-assembly press conference (1:45pm London) because the Eurozone economy is stagnating, and inflation is undershooting the ECB’s 2% target.”
“Market is pricing-in almost 175 bp of easing over the subsequent twelve months that will see the policy rate bottom end to 1.75%.”
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