European Central Bank (ECB) news

The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.

Week Ahead - US inflation key, ECB ponders rate pause, UK labor market data

This week is all about the US CPI report and retail sales data. If the US demand for goods didn’t weaken that much and if inflation heated up, rate hike expectations for the November meeting might become the consensus. The inflation report might not be as clear as headline inflation will obviously rise given the surge in gasoline prices, but core might deliver another subdued reading.

08-09-2023 09:57 GMT by Craig Erlam

EUR/USD: Shrugs off hawkish ECB speak; dollar firms after impressive ISM services report

US ISM Services Index unexpectedly surges to a six-month high, boosted on robust new orders and strong hiring ECB's Kazimir prefers a September rate to later and Knot thinks markets underestimating September rate hike chance Euro looks vulnerable to lose all of 2023 gains The dollar’s rise is starting to unnerve everyone. Last night, both Japanese and Chinese officials attempted to thwart the greenback's rally, but weren’t effective.

06-09-2023 11:21 GMT by Edward Moya