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1:32 PM · 30 September 2024

BREAKING: Euro Weakens Following Lagarde's Address to European Parliament

EUR/USD
Forex
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The euro experienced a decline after European Central Bank President Christine Lagarde delivered a speech to the Committee on Economic and Monetary Affairs in the European Parliament. In her address, Lagarde presented a mixed economic outlook:

  • While some survey indicators suggest headwinds for economic recovery, the ECB expects the recovery to strengthen over time.
  • The labor market remains resilient despite challenges.
  • The ECB is confident that inflation will return to its target, although a temporary increase is anticipated in Q4.

 

This could fuel speculation that the ECB may accelerate the pace and deepen the level of rate cuts. The speech also comes after lower than expected inflation data from Germany and Italy, hence confirming dovish sentiment.

 

30 December 2025, 7:27 PM

Daily Summary - Previous metals rebound, FOMC still see cuts

30 December 2025, 7:02 PM

Minutes FOMC: Further cuts are possible if inflation eases. EURUSD limits decline

30 December 2025, 3:00 PM

BREAKING: US Chicago PMI beats expectations 🗽USDIDX reacts

30 December 2025, 6:57 AM

Morning wrap (30.12.2025)

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