Minutes from the ECB December meeting have just been released. ECB officials all agreed that additional support is still needed due to high uncertainty and concerns over risks related to developments in the exchange rate. Policymakers also consider appropriate and proportional to increase the horizon of net purchases under PEPP. Members noticed that the risk of not meeting inflation expectations was still high. Some officials believe that PEPP is more efficient than a rate cut in the current pandemic conditions.
EURUSD saw a relatively small reaction to today’s ECB Minutes. The most popular currency pair continued to trade around the 1.2140 level. Source: xStation5
NY Fed survey signals inflation spike in the US🗽EURUSD at 15.7
BREAKING: EURUSD ticks up after Eurozone Services PMI data 💡
Economic Calendar: “Deadline” for Iran to open the Strait of Hormuz
BREAKING: US100 loses after lower than expected and inflationary US ISM services data 📉
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
