ECB’s de Guindos: We are not following a pre-determined path on interest rates

FXStreet
Updated Jul 2, 2024 07:52
Mitrade
coverImg
Source: DepositPhotos

 European Central Bank (ECB) Vice President Luis de Guindos said on Tuesday that “we are not following a pre-determined path on interest rates.”


Additional quotes


Uncertainty remains high.


We have to be very prudent.


Inflation will have its ups and downs this year.


Economy is to be stronger in 2H than it was in 1H.


Market reaction


At the time of writing, EUR/USD is dropping 0.18% on the day to trade near 1.0720.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

Do you find this article useful?
Related Articles
placeholder
Goldman: Trump re-election to hit Eurozone GDP, earningsIn the wake of recent events, prediction markets are now assigning a high probability, or around 70%, to a Donald Trump re-election.
Author  Investing.com
In the wake of recent events, prediction markets are now assigning a high probability, or around 70%, to a Donald Trump re-election.
placeholder
Japanese Yen experiences volatility due to more FX intervention risksThe Japanese Yen (JPY) trims its gains as the US Dollar (USD) strengthens, buoyed by improved Treasury yields. However, the JPY's volatility is anticipated to persist amid speculation of intervention by Japanese authorities following weaker-than-anticipated US Consumer Price Index (CPI) figures.
Author  FXStreet
The Japanese Yen (JPY) trims its gains as the US Dollar (USD) strengthens, buoyed by improved Treasury yields. However, the JPY's volatility is anticipated to persist amid speculation of intervention by Japanese authorities following weaker-than-anticipated US Consumer Price Index (CPI) figures.
placeholder
EUR/USD trims gains and snaps seven-day win streak ahead of Fed policy updateEUR/USD stumbled on Monday after a muddled election outcome in France leaves policy guidance unclear for the Euro bloc.
Author  FXStreet
EUR/USD stumbled on Monday after a muddled election outcome in France leaves policy guidance unclear for the Euro bloc.
placeholder
EUR/USD Price Analysis: Holds position around 1.0850 due to bullish biasEUR/USD halts its seven-day winning streak, trading around 1.0830 during the Asian hours on Monday. The renewed demand for the US Dollar (USD) puts pressure on the EUR/USD pair.
Author  FXStreet
EUR/USD halts its seven-day winning streak, trading around 1.0830 during the Asian hours on Monday. The renewed demand for the US Dollar (USD) puts pressure on the EUR/USD pair.
placeholder
EUR/USD holds position around 1.0800 as softer US data escalate odds of Fed rate cutsEUR/USD continues its winning streak, trading around 1.0790 during the Asian session on Thursday.
Author  FXStreet
EUR/USD continues its winning streak, trading around 1.0790 during the Asian session on Thursday.