ECB's Panetta: ECB will pursue normalization gradually and smoothly
Source Fxstreet
Jun 26, 2024 10:31
European Central Bank (ECB) executive board member Fabio Panetta said on Wednesday that the current economic environment in the Eurozone is consistent with a normalization of the monetary stance, per Reuters.
Panetta noted that the ECB will pursue a gradual and smooth normalization, while avoiding even a 'casual forward guidance' on the timing of rate moves.
Market reaction
The Euro struggles to find demand following these comments. At the time of press, EUR/USD was trading at 1.0682, where it was down 0.3% on a daily basis.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Sei is a new Layer-1 public chain, and the launch of its token SEI can create new opportunities.
Japan Consumer Confidence Index: 37.2 (December) vs 36.1
China Industrial Production (YoY) above forecasts (5.6%) in November: Actual (6.6%)
"Verbal Intervention" Escalates! Is the Bank of Japan about to turn hawkish?Last week (9/4-9/8), the US Dollar Index rose by 0.82%, while most non-US currencies experienced a decline. Specifically, the Euro depreciated by 0.7% against the US dollar, and the Japanese Yen weakened by approximately 1.1%.
Last week (9/4-9/8), the US Dollar Index rose by 0.82%, while most non-US currencies experienced a decline. Specifically, the Euro depreciated by 0.7% against the US dollar, and the Japanese Yen weakened by approximately 1.1%.
英文专题文章英文专题文章英文专题文章英文专题文章英文专题文章英文专题文章英文专题文章英文专题文章英文专题文章英文专题文章
