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Euro pinned near four-week low ahead of ECB decision

Channel News Asia LogoChannel News Asia16h ago

Euro pinned near four-week low ahead of ECB decision - Channel News Asia

Quick Summary:

The euro hovered near a four-week low versus the dollar on Thursday ahead of a widely anticipated interest rate cut from the European Central Bank, with traders focussed on the policy outlook to gauge the extent of further rate cuts.The euro was last up 0.06 per cent at $1.

The speeches are a sign of an important shift in communication style at the bank, according to Shoki Omori, chief Japan desk strategist at Mizuho Securities.

An array of policymakers have already backed a cut this month, suggesting their debate is likely to focus on how quickly borrowing costs need to fall in subsequent meetings against the backdrop of anaemic economic growth and cooling inflation.


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Euro pinned near four-week low ahead of ECB decision - Channel News Asia (Picture 1)Euro pinned near four-week low ahead of ECB decision - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 08:43:10 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 697 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22471437

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 54 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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