Ecb eurusd news

Here are some recent news and updates related to the European Central Bank (ECB) and the EUR/USD currency pair:

Recent ECB News:

  1. ECB keeps interest rates unchanged: On March 10, 2023, the ECB announced that it would keep its main interest rates unchanged, citing a stable inflation outlook and a strong economy.
  2. ECB to slow down bond purchases: In its March 2023 meeting, the ECB decided to slow down its bond purchases under its asset purchase program (APP) from €20 billion to €10 billion per month, starting from April 2023.
  3. ECB's Lagarde: Inflation to remain low: ECB President Christine Lagarde stated in a recent interview that she expects inflation to remain low in the coming months, citing a strong economy and a stable inflation outlook.

EUR/USD News:

  1. EUR/USD falls on ECB's dovish tone: The EUR/USD currency pair fell to a 2-week low on March 10, 2023, after the ECB's dovish tone on interest rates and inflation.
  2. EUR/USD boosted by strong German data: The EUR/USD currency pair rose to a 1-week high on March 15, 2023, after Germany's economy grew more than expected in the fourth quarter of 2022.
  3. EUR/USD vulnerable to US dollar strength: The EUR/USD currency pair is vulnerable to US dollar strength, as the US Federal Reserve is expected to raise interest rates in the coming months, which could attract investors to the US dollar.

Market Analysis:

  1. EUR/USD range-bound: The EUR/USD currency pair has been trading in a narrow range of 1.0800-1.1200 since the start of the year, with no clear direction or trend.
  2. ECB's forward guidance key: The ECB's forward guidance on interest rates and inflation will be key in determining the direction of the EUR/USD currency pair in the coming months.
  3. US dollar strength to weigh on EUR/USD: The US dollar's strength, driven by expectations of interest rate hikes, could continue to weigh on the EUR/USD currency pair in the coming months.

Please note that these are just some recent news and updates related to the ECB and the EUR/USD currency pair, and are not intended to be a comprehensive analysis or forecast.