The European Central Bank (ECB) will announce its monetary policy decisions following the July meeting on Thursday at 12:15 GMT.
The European Central Bank is set to leave key rates unchanged after July policy meeting. ECB President Christine Lagarde will be questioned about the possibility of a rate cut in September. EUR/USD closes in on fresh 2024 highs ahead of the ECB ’s policy announcements. The European Central Bank will announce its monetary policy decisions following the July meeting on Thursday at 12:15 GMT.
On the other hand, the Euro could come under bearish pressure if Lagarde adopts an optimistic tone on the inflation outlook and/or voices concerns over the slowdown in the Eurozone’s economic activity. Markets could see that as a sign pointing to another rate reduction in September and cause EUR/USD to correct lower.
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