Euro Gains as Inflation Data Strengthens Hawkish Case for ECB

Euro strengthened broadly after Eurozone’s flash CPI revealed stronger-than-expected increase in headline inflation, while the decline in core inflation has come to a halt. This data, coupled with the better-than-anticipated GDP figures released yesterday, has provided substantial support to the hawks within ECB. There appears to be no immediate need for ECB to accelerate monetary […] The post Euro Gains as Inflation Data Strengthens Hawkish Case for ECB appeared first on Action Forex.

theinvestingforex theinvestingforex
Nov 4, 2024 - 01:42
0 0
Euro Gains as Inflation Data Strengthens Hawkish Case for ECB

Euro strengthened broadly after Eurozone’s flash CPI revealed stronger-than-expected increase in headline inflation, while the decline in core inflation has come to a halt. This data, coupled with the better-than-anticipated GDP figures released yesterday, has provided substantial support to the hawks within ECB. There appears to be no immediate need for ECB to accelerate monetary […]

The post Euro Gains as Inflation Data Strengthens Hawkish Case for ECB appeared first on Action Forex.

Read More