Euro Edges Higher To 1.1550 As Markets Brace For ECB Rate Decision
16 Articles
16 Articles
The mood on the financial markets is inhibited. The acute situation in the Middle East is paired with the prospect of rising interest rates - a combination that unsettles investors. The DAX starts to behave.
Today, another ECB interest rate decision is pending. Not a few market observers assume that the currency keepers will raise the key interest rates by a quarter of a percent. However, the real interest rates of average savings investments are currently mostly still in the minus range.
Eight times a year, the ECB advises on the key rates. Preparing for the announcement is top secret.
Euro pauses ahead of ECB rate hike, dollar flat
The euro held steady on Thursday near the bottom of its recent range ahead of a European Central Bank meeting which is expected to raise rates for the first time in nearly three years, while markets more broadly kept a wary eye on developments in the Gulf. The euro was up marginally at $1.1551, however, it remains nearer to its mid-March lows, close to $1.14, than its mid-April post-war high above $1.18. Lee Hardman, senior currency analyst at M…
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