EUR/USD lost another one-third of one percent on Thursday.
The ECB cut rates in-line with expectations, stripping support from underneath the Euro.
US data blew the doors off market forecasts, further bolstering the Greenback.
EUR/USD continues to backslide following the European Central Bank’s (ECB) quarter-point rate trim early Thursday. A lack of bullish momentum has Fiber extending near-term losses, and the pair is down over 3.5% from late September’s peak bids just above 1.1200.
The ECB trimmed its reference rates exactly in-line with median market forecasts, delivering a 25 bps cut to its Rate on Deposit Facility and Main Refinancing Operations Rate, easing the reference rates to 3.25% and 3.4%, respectively. As if the Euro didn’t have enough support as it is, Europe’s final Harmonized Index of Consumer Prices (HICP) inflation for the year ended September also declined more than expected, with the final print coming in at just 1.7% YoY compared to the expected 1.8%.
All that remains on the EU-centric economic data docket is Friday’s upcoming EU Leadership Summit, but the event is unlikely to spark much confidence in the Euro as policymakers grapple with a lopsided economy tilting toward a steeper slowdown despite insistence from leaders that it isn’t.
US Retail Sales grew by 0.4% MoM in September, recovering from August’s 0.1% and beating median market forecasts of a 0.3% print. Retail Sales excluding Automotive spending also thumped forecasts, growing by 0.5% in September compared to the expected 0.1%, and easily vaulting over August’s 0.2% increase.
US Initial Jobless Claims for the week ended October 11 also beat market expectations, coming in at 241K for the week. Investors expected the week’s new jobless claimant count to hold steady at the previous week’s revised 260K.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
古いコメントはありません。ソファをつかむ最初のものになりましょう。