ECB’s de Guindos: Inflation data practically in line with our projections
Source Fxstreet
In an interview with Europa Press on Tuesday, European Central Bank (ECB) Vice President Luis de Guindos said “inflation data practically in line with our projections.”
Additional quotes
Data-wise, September is a much more convenient month for taking decisions than July was.
Current level of uncertainty is huge, so we have to be prudent when taking decisions.
Will look particularly closely at wage developments.
Reelection of Ursula Von der Leyen is a confidence indicator as regards stability.
Outcome of French elections has created additional uncertainty.
Would like to see more cross-border banking M&A transactions because we want to have a single banking market.
Market reaction
At the press time, EUR/USD is grinding lower to near 1.0885, down 0.05% on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin Price Forecast: Persistent ETF inflows, easing Middle East tensions lift risk appetiteBitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
Bitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
AUD/USD steadies after two days of gains, trading around 0.7060 during the Asian hours on Thursday. The pair moves little as the Australian Dollar (AUD) remains silent following the release of domestic Trade Balance data.
Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.
Today’s Market Recap: Dow and S&P 500 Hit Fresh Record Highs, Tech Stocks Lead Gains, Palantir Surges 29%, ARM Rises Over 17%Tracking the Market TrendTradingKey - Global risk appetite rebounded significantly, with major asset classes strengthening in tandem. Driving factors included the decline in risk premiums following th
Tracking the Market TrendTradingKey - Global risk appetite rebounded significantly, with major asset classes strengthening in tandem. Driving factors included the decline in risk premiums following th
Here is what you need to know on Tuesday, August 4:
Related Instrument
