Euro hits two-month low as markets wait to gauge ECB's policy stance

The euro slipped to a two-month low on Wednesday, as markets waited to gauge the...

TOKYO - The euro slipped to a two-month low on Wednesday, as markets waited to gauge the European Central Bank’s stance on policy amid bubbling expectations that it could eventually lower interest rates and join the global easing trend.

The ECB holds a policy meeting on Thursday. Market expectations for the central bank to cut rates by 10 basis points have ebbed somewhat, but the central bank is still hoped to provide dovish guidance, paving the way for easing in September. “The key point is not necessarily whether the ECB eases this week or not, but what kind of language Draghi employs regarding policy direction.”

U.S. Trade Representative Robert Lighthizer and senior U.S. officials will travel to Shanghai on Monday for face-to-face trade meetings with Chinese officials, Bloomberg reported on Tuesday, citing unnamed sources.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

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.

Euro zone banks expect rising loan demand in third quarter: ECBEuro zone banks expect loan demand to rise in the third quarter while they keep ...
Read more »

Dollar, euro flat as traders await Fed and ECB rate decisionsThe dollar and euro were little changed on Monday as traders await decisions by ...
Read more »

BlackRock upgrades European assets in anticipation of a 'decisively dovish' ECBBlackRock has closed its 'underweight' position in European equities and credit, and upgraded European government bonds to 'overweight,' in anticipation of a 'decisively dovish' shift in policy from the European Central Bank (ECB).
Read more »

Carmakers drive Europe higher, Johnson batters sterlingA wave of central bank easing and positive soundings from the earnings season bu...
Read more »

Asia stocks welcome trade talks, euro on defensiveAsian shares on Wednesday gave a guarded welcome to hints of progress in the Sin...
Read more »

Santander to contest 100 million euro Orcel claimSantander said it would fight a 100 million euro ($112 million) lawsuit being br...
Read more »