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.
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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