When is the European Central Bank (ECB) rate decision and how could it affect EUR/USD? – by hareshmenghani ECB InterestRate Finland EURUSD Currencies
by the post-meeting press conference at 13:45 GMT. Against the backdrop of the recent hawkish commentary by several ECB officials, the markets have been pricing in additional jumbo rate hikes in the coming months. That said, easing of inflationary pressures in the Eurozone might have forced investors to scale back expectations for a more aggressive policy tightening by the ECB.
Given that a 50 bps rate hike is already priced in, the markets are unlikely to react to the expected move. That said, a hawkish ECB commentary should be enough to provide a strong boost to the shared currency and allow thepair to build on the post-FOMC momentum beyond the 1.1000 psychological mark. Nevertheless, the announcement should infuse some volatility and allow traders to grab some meaningful opportunities.
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