EUR/USD dips a dinky under 1.09. ECB kept rates on retain as anticipated and left a September rate resolution ‘wide originate’ and records dependent, DBS FX & Credit rating Strategist Chang Wei Liang notes.
ECB to lean against caution
“EUR/USD dipped a dinky under 1.09, with the ECB keeping rates on retain as anticipated and leaving a September rate resolution ‘wide originate’ and records dependent. ECB President Lagarde hinted that one other decrease is imaginable if the records ‘confirms the disinflationary process’, and market expectations had no longer budged from largely waiting for a decrease in September.”
“In the meantime, fractious French politics and imaginable disagreements over the funds would maybe perchance weigh on consumption and investment, adding one other trigger of ECB to lean against caution.”
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