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ECB to continue presenting a relatively hawkish message, helping to support the EUR – MUFG

The Euro (EUR) has been the third best performing G10 currency so far this year. Economists at MUFG Bank analyze the shared currency’s outlook ahead of the ECB meeting.

ECB policy meeting is key risk event in week ahead  

We expect the ECB to continue presenting a relatively hawkish message at this week’s policy meeting which has been helping to support the Euro at the start of this year.

The Eurozone rate market has already taken out around 40 bps of expected cuts by the end of this year.

Silver Price Forecast: XAG/USD plunges to near $22 as Fed rate-cut optimism fades

Silver price (XAG/USD) nosedived to near $22.00 on Monday, more than 2.5% down from its previous close.
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EUR/USD slightly dips below 1.0900 ahead of ECB’s decision

The Euro (EUR) registers minuscule losses against the US Dollar (USD) early in the North American session as risk appetite improved and traders brace for the European Central Bank (ECB) monetary policy decision on Thursday.
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