Waiting for interest rates of the Federal Reserve and the European Central Bank

                                                                                    INQUIRY

      The dollar and the euro remained largely unchanged Monday as traders waited for a decision by the Federal Reserve and the European Central Bank on how much and how fast interest rates would be cut. The ECB meeting will be held on Thursday.
Based on the local interest rate market, traders believe that there is a 46% chance that European policymakers will cut the key deposit rate by 10 basis points to minus 0.50% to resist the risk of Global trade tensions and regional inflation.
"The market is just waiting for Draghi to comment on the policy," Brendan McKenna, foreign exchange strategist at Wells Fargo Securities, said of ECB President Draghi.
The possibility of further interest rate cuts in the negative range rose in Europe, depressed the euro against the dollar and boosted the Swiss franc against the euro to a two-year high.
The dollar's weakness, on the bet that the Federal Reserve might cut interest rates for the first time in 10 years, is also a response to Global trade tensions and weak inflation. Data released late Friday showed speculators lowered the net long position of the dollar against other G-10 currencies to its lowest level in a year.
In late New York trading, EUR = EBS was essentially flat at $1.1212, rebounding from a daily low of $1.1207.
The U.S. dollar followed the decline in U.S. Treasury yields. The yield on two-year bonds fell to 1.801% early Monday, below the Fed's current target range of short-term interest rates of 2.25% to 2.50%.
The dollar index, which tracks the trend of the dollar against a basket of currencies, rose slightly to 97.241.
The FedWatch tool of the Chicago Mercantile Exchange Group shows that U.S. interest rate futures trends show that traders expect the Federal Reserve to slash interest rates by 50 basis points at its policy meeting on July 30-31, a 23% chance, down from 24% on Friday evening.


INQUIRY sales@hellerbearings.com
  • Details： Waiting for interest rates of the Federal Reserve and the European Central Bank

  • Like Model No.:

  • We cooperate with UPS,TNT,FEDEX,EMS,DHL,etc.They guarantee to meet your needs in terms of time and money,even if you need your Waiting for interest rates of the Federal Reserve and the European Central Bank bearing tomorrow morning (aka overnight or next day air) on your desk, 2, 3 days or more.Note to international customers, YES, we ship worldwide. INQUIRY -->

    Hot Model No.: