Dovish ECB Rate Cut Pressures Euro, Gold Breaks to Fresh Record

Euro tumbled broadly after ECB’s decision to cut its deposit rate by 25bps, as widely expected. During the post-meeting press conference, President Christine Lagarde maintained a cautious tone, stressing that ECB is “not pre-committing to a particular rate path.” However, her overall stance leaned dovish, with a clear acknowledgment that “economic activity has been somewhat […] The post Dovish ECB Rate Cut Pressures Euro, Gold Breaks to Fresh Record appeared first on Action Forex.

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Oct 22, 2024 - 11:11
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Dovish ECB Rate Cut Pressures Euro, Gold Breaks to Fresh Record

Euro tumbled broadly after ECB’s decision to cut its deposit rate by 25bps, as widely expected. During the post-meeting press conference, President Christine Lagarde maintained a cautious tone, stressing that ECB is “not pre-committing to a particular rate path.” However, her overall stance leaned dovish, with a clear acknowledgment that “economic activity has been somewhat […]

The post Dovish ECB Rate Cut Pressures Euro, Gold Breaks to Fresh Record appeared first on Action Forex.

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