Will the ECB Press Conference have a positive influence on the euro?
The ECB will announce the main refinancing rate at 14:45 and give a press conference at 15:30 MT time on December 12.
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.
Similar
Is the Fed holding the rate?
The Federal Funds Rate is announced at 21:00 MT time on December 11.
How will the British GDP growth affect the GBP?
The British monthly GDP growth rate is at 11:30 MT time on December 10.
Latest news
Will the ECB Press Conference have a positive influence on the euro?
The ECB will announce the main refinancing rate at 14:45 and give a press conference at 15:30 MT time on December 12.
Is the Fed holding the rate?
The Federal Funds Rate is announced at 21:00 MT time on December 11.
How will the British GDP growth affect the GBP?
The British monthly GDP growth rate is at 11:30 MT time on December 10.
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