Central bankers are like the tooth fairy: Their policies work only if the public believes in them. That trust was recently tarnished by the inflation crisis, when people in many countries felt as if they went to bed with a tooth under their pillow,
Monetary authorities should stick to their core mandate, according to a senior European Central Bank rate setter, after the Fed withdrew from a green financial network.
The first is for the ECB to ensure that bank liquidity can circulate freely in the Eurozone. This is a key requisite for any well-functioning financial system. Surprisingly, this is still not the case, especially for banks that operate in different jurisdictions.
The latter divergence between the ECB and the Fed expectations should keep the EURUSD’s upside potential limited above the 1.05 psychological level. Many traders could also chose to turn neutral before Sunday’s German election.
Considering the confluence of technical factors, along with the fundamental factors of ECB and BOJ policy decisions and inflation rates, EURJPY presents a complex trading landscape.
Sens. Rick Scott (R-Fla.) and Elizabeth Warren (D-Mass.) urged the Federal Reserve chair to hammer down on “improper” trade violations in a Friday letter, expressing concerns about
FRANKFURT: The European Central Bank is getting closer to a pause in interest cuts since it is no longer clear