ECB, Fed Policy Differentials to be Key for Euro, Dollar in Coming Months
Dow Jones09-09 20:56
1256 GMT - The difference between European Central Bank and Federal Reservepolicy will be a key determinant for the euro and dollar in the coming months, Marex FX's Jonathan Pryor says in a note. "The market is adjusting to evolving themes such as AI debt burden and the fallout from geopolitics, alongside supply side inflation," the co-head of dealing and head of private markets says. "But what is certain is that monetary policy and yield divergence will compete to remain in the driving seat," he says. The ECB is expected to raise interest rates at its policy meeting on Thursday. Any comment policymakers give on the recent jump in government-bond yields will also be closely watched, he says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments