Euro Forecast: EUR/USD Rate Rally Eyes January High 2021-02-25 15:00:00 David Song, Strategist
EUR/USD Rate Talking Points
EUR/USD climbs to a fresh monthly high (1.2238) following the semi-annual testimony with Federal Reserve Chairman Jerome Powell, and the decline from the January high (1.2350) appears to have been a correction in the broader trend rather than a change in behavior as key market themes remain in place. Advertisement
EUR/USD Rate Pullback Emerges Ahead of Account of ECB Meeting
EUR/USD extends the advance from the start of the week on the back of US Dollar weakness, with the commodity bloc currencies trading to fresh 2021 highs against the Greenback, and the Euro may exhibit a similar behavior as the exchange rate breaks out of the descending channel from earlier this year.
EZB nimmt verstärkt steigende Zinsen an den Märkten ins Visier
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EZB nimmt steigende Zinsen am Kapitalmarkt ins Visier
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Stock Rally Reverses Amid Overheating Concerns As Bitcoin Powers Toward $50,000
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FRANKFURT (Reuters) - European Central Bank policymakers are set to delve deeper at their next meeting into how they measure borrowing costs in the virus-hit euro zone economy after failing to reach an agreement this week, four sources told Reuters.
FILE PHOTO: Workers maintain the huge Euro logo in front of the headquarters of the European Central Bank (ECB) in Frankfurt, December 6, 2011. REUTERS/Ralph Orlowski
The ECB has pledged to maintain “favourable financing conditions” to help the bloc recover from the economic shock of the pandemic, but it has never spelled out how those are measured.
The issue is crucial as it determines how many bonds the ECB will buy under its pandemic-fighting scheme, which is the object of some market speculation after the bank said on Thursday it did not need to exhaust its 1 trillion euros of remaining firepower.