EUR: September CPI to keep ECB expectations anchored – ING
Source Fxstreet
A speech by ECB President Christine Lagarde was read as mildly dovish yesterday, in that the ECB being in a 'good place' did not prevent it from adjusting interest rates, ING's FX analyst Chris Turner notes.
Market has not completely ruled out one further ECB cut
"Recent German activity data have come in on the soft side and the market has not completely ruled out one further ECB cut. With that in mind, we doubt the market will want to drive EUR/USD too much higher on what should be a rise in September eurozone inflation to 2.2% year-on-year today, while core is expected to remain at 2.3%."
"However, we think the US government shutdown and the softer dollar story should dominate today and could be enough to drag EUR/USD to 1.1800/1820."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
Related Instrument
