Highlights of the ECB press conference for September 2024 ...Middle East

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Highlights of the ECB press conference for September 2024
source : forex live ( Middle East ) () 33
The EURUSD is trading at 1.1026 as the press conference begins. The high for the day has reached 1.1032 after the decision. The 100 hour MA looms above at 1.10416Headlines from commentary: recovery is facing headwindsrecovery to strengthen.Fading monetary policy restrictions should support economy.Labor market remains resilient.Surveys point to further moderation and demand for laborGoods inflation and services inflations move in opposite directions. Negotiated wage growth will remain high and volatile for the rest of 2024. Overall labor cost growth moderating.Unit labor costs to continue declining owing to lower wage growth in recovery and increased productivityRisks to growth remain and a

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