Inflation Risks Return To The Markets
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
Trade euro on ECB comments.
The European Central Bank will announce the interest rate on October 25 at 14:45 MT time. At 15:30, the central bank will hold a press conference.
The euro has been under big pressure because of the Italy budget issue. Moreover, the strengthening of the USD doesn’t let the EUR/USD pair to rise.
Although the market is sure that the central bank won’t change the interest rate, the market is waiting for comments on the further tapering of quantitative easing. If the bank sees a possibility to move to tighter monetary policy, the traders will consider it as a good sign. However, there are risks of the dovish comments caused by threats on the financial markets.
• Positive comments will boost the EUR.
• Negative comments will pull the EUR down.
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