Analysts say euro area inflation must improve significantly to avoid a September ECB rate increase amid rising oil prices and soft economic data. The European Central Bank’s September rate hike prospects have strengthened as inflation risks tilt upward and economic indicat
The currency pair trades at 186.30 after touching a 12-week high of 186.67, with mixed economic data yielding little volatility. The Euro remains steady near a 12-week high against the Yen, with EUR/JPY trading around 186.30 after briefly reaching 186.67. Fresh PMI data fr
Eurozone July PMI hits a five-month high of 51.9, exceeding expectations and bolstering ECB rate hike bets for September. The EUR/JPY cross stabilizes near 186.30 after touching a 12-week high of 186.67, as stronger Eurozone economic data offsets weak Yen sentiment. The Eu
Markets price in additional tightening in Poland and Czech Republic, reversing cuts in Hungary, as oil and gas costs spike. A sharp rise in oil and gas prices has triggered a hawkish repricing of policy rate paths in Poland, the Czech Republic, and Hungary. Markets now imp
XAG/USD rises 2.24% to $58.55 as the US Dollar weakens, though higher Treasury yields cap gains amid inflation concerns. Silver prices climbed 2.24% to $58.55 on Friday, recovering from Thursday’s sharp correction as the US Dollar eased from its recent rally. The modest pu
Eurozone inflation is expected to exceed the ECB's target longer than anticipated, lifting the euro against the dollar. The European Central Bank indicated Eurozone inflation will remain above its target for an extended period, reinforcing a cautious stance on monetary pol
Eurozone inflation pressures persist above ECB’s 2% goal due to Middle East supply disruptions and elevated oil prices. Eurozone inflation is expected to remain above the European Central Bank’s 2% target for an extended period, ECB officials said. The warning follows pers
UK July PMIs and retail sales exceed forecasts, reducing near-term growth worries while easing inflation expectations for the BoE. GBP/USD remains near 1.3300 after UK data signaled an improved growth-inflation balance. Stronger-than-expected economic indicators reduced co
Europe’s net energy imports and rising oil prices continue to weigh on the EUR despite the ECB’s expected rate hike in September. The European Central Bank held rates steady in July and signaled a likely 25 basis point hike to 2.50% in September. Markets had priced in the
Deutsche Bank strategists flag a near-certain ECB deposit rate increase next month amid sticky energy prices and wage pressures. The European Central Bank is expected to raise its deposit rate to 2.50% in September, according to Deutsche Bank strategists, following yesterd
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