Traders rebuff ECB rate cut odds for October after poor PMI data ...Middle East

News by : (forex live) -
France September flash services PMI 48.3 vs 52.5 expectedGermany September flash manufacturing PMI 40.3 vs 42.4 expectedFor some context, these odds have moved up quite a fair bit from ~35% right after the Fed decision last week. Things are certainly heating up for the ECB despite policymakers saying that they would prefer to skip a move in October.In adding to the poor readings above, the report details also show further easing in cost pressures towards the end of Q3. It might not quite translate into the hard data i.e. consumer prices just yet. But it is a development worth noting at least.As traders now try to force the ECB's hand, the euro is falling to fresh lows on the day with EUR/USD

Hence then, the article about traders rebuff ecb rate cut odds for october after poor pmi data was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Traders rebuff ECB rate cut odds for October after poor PMI data )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار