The Euro resumed its broader bearish trend on Tuesday, breaking below November’s low at 0.8260 to reach its lowest prices in more than two years.
The Euro dives to fresh two-year lows below 0.8260 weighed by weak German data and a risk-averse sentiment German HICP contracted at a 0.7% pace in November, its worst reading Since December 2022. The diverging ECB and BoE monetary policy expectations are likely to keep the Euro under pressure. A dismal risk mood and hopes of further ECB monetary easing this week are hammering the Euro across the board. Earlier today, German CPI revealed that price inflation contracted 0.
On pre-communicated moments, the central bank will issue a statement with its policy rate and provide additional reasoning on why it is either remaining or changing it. Local banks will adjust their savings and lending rates accordingly, which in turn will make it either harder or easier for people to earn on their savings or for companies to take out loans and make investments in their businesses. When the central bank hikes interest rates substantially, this is called monetary tightening.
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