The euro rallied on Tuesday, helped by a broader market rally as well as comments from a European Central Bank policymaker in which he said a half-point rate...
The euro rallied on Tuesday, helped by a rise in bond yields as well as comments from a European Central Bank policymaker in which he said a half percentage point interest rate hike was possible.
Klaas Knot told a Dutch television program said he favors a quarter-point rate hike, but would support a half-point increase if new data suggest inflation is broadening further or accumulating. While regarded as one of the most hawkish voices on the ECB, Knot’s was the first to broach a half-point increase.
The... The euro rallied on Tuesday, helped by a rise in bond yields as well as comments from a European Central Bank policymaker in which he said a half percentage point interest rate hike was possible. Klaas Knot told a Dutch television program said he favors a quarter-point rate hike, but would support a half-point increase if new data suggest inflation is broadening further or accumulating. While regarded as one of the most hawkish voices on the ECB, Knot’s was the first to broach a half-point increase.
The yield on the Italian 2-year bond TMBMKIT-02Y shot up 12 basis points, to 0.92%. The yield on the German 2-year bund TMBMKDE-02Y rose 13 basis points, to 0.27%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Digital euro could come as soon as 2026 — ECB officialECB executive board member Fabio Panetta said the central bank could start development and testing of solutions toward providing a digital euro for members of the European Union in 2023, a phase that could take up to three years.
Read more »
EUR/USD pares earlier gains, falls back to 1.0400 despite ECB Villeroy’s commentsThe euro got a short-lived boost from comments from the head of the French central bank head Francois Villeroy de Galhau during early European trade,
Read more »
Euro Breaking News: European Commission Spring Forecast Buoys EUR/USDThe European Commission’s Spring Forecast for 2022 revised Eurozone inflation upward to 6.1% in 2022 as expected with forecasts expected to decline to 2.7% in 2023. Get your market update from WVenketas here:
Read more »
EUR/USD Forex Signal: Euro Heads to a 20-Year LowThe EUR/USD pair will likely have a bearish breakout and drop to the 20-year low of 1.0280.
Read more »
Digital Euro Could Come Out Within Four Years, ECB's Panetta SaysThe ecb could be ready to issue a digital euro within 4 years, a senior official said. By jackschickler
Read more »
EUR/USD Forecast: Euro recovery attempts to remain limitedEUR/USD has edged higher and steadied above 1.0400 in the early European session after having lost more than 100 pips last week. The risk-averse marke
Read more »