EUR/USD
1.13963
-0.219%
Gold
3974.94
-0.811%
Oil
68.232
-2.374%
USD/JPY
162.658
0.059%
GBP/USD
1.32479
-0.090%
GBP/JPY
215.493
-0.030%
Real-time News
On July 1st, European Central Bank (ECB) Vice President Aleksandar Vujic stated that the bank will likely await further data, such as the latest macroeconomic forecasts to be released at its September meeting, before deciding on its next interest rate move. Speaking during the ECB meeting in Portugal, he said, "We must wait for the data to come out until the July meeting; then in September, we will have new forecast data and make a decision based on the further data received at that time." Vujic pointed out that the central bank will not pre-commit to a specific interest rate path. He noted that the June inflation data so far has not yielded any surprises. The ECB last raised interest rates at its June meeting, when it increased them by 25 basis points.ECB Governing Council member Kochel: The threat of inflation has decreased, but it has not been completely contained. The next decision will be to raise interest rates or keep them unchanged.July 1st - Monex Europe analysts stated that the euro faces further downside risk if Wednesdays Eurozone inflation data falls short of expectations and European Central Bank President Christine Lagarde cools expectations for further rate hikes. In a report, they stated that inflation data is likely to be weaker than anticipated, given that data from Germany, France, and Italy came in weaker than expected. They suggested this could reinforce the view that the ECB will "stop there" after last months rate hike. Lagarde may also confirm this view at the ECB forum in Portugal on Wednesday.ECB Governing Council member Nagel: The rise in German energy prices has produced almost no second-round effect.ECB Governing Council member Nagel: Inflation remains too high.
