Euro nudges higher as ECB gets some room to work with ...Middle East

This was the sort of recovery nobody saw coming for the euro area. A major rebound in services activity is dragging the region out of the mud, with the French economy stabilising in April while the German economy expanded for the first time in ten months. The euro has moved up a fair bit on the session now, with EUR/USD climbing to 1.0695 from around 1.0645 earlier:Amid a weakening economy and inflation trending lower, things were sort of cast in stone that the ECB would cut rates in June. But now, if the economy is really starting to turn around, they might have some added room to work with.In my opinion, I still think the ECB will at least go with the first rate cut in June at the minimum.

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Last updated : 23 April 2024 clock 10:44 AM

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Euro nudges higher as ECB gets some room to work with ...Middle East

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