Euro Insight! - #ForexKini - Informasi Forex Terkini - #Forex #ForexMalaysia #ForexBrokers

Euro Insight!

Euro Insight!

The Euro paused around the vicinity of 1.0780 during the night before retracting towards 1.0760 at the onset of the Asia session. There seems to be an uptick in demand for the dollar today, which is likely to exert pressure on the Euro throughout the day.

Central Bank Update:

🔵The ECB has maintained the three key interest rates unchanged  with the main refinancing rate held steady at 4.50%.

🔵Recent data broadly aligns with the ECB's previous assessment of the medium-term inflation outlook.

🔵Apart from a temporary increase in headline inflation due to energy-related factors, the ongoing decrease in underlying inflation persists, while previous interest rate hikes continue to impact financing conditions significantly.

🔵Stringent financing conditions are dampening demand, contributing to the downward pressure on inflation.

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