Read more
9:09 AM · 23 May 2022

BREAKING: EURUSD jumps as Lagarde signals rate hikes

-
-
Open account Download free app

Euro got a lift from ECB President Lagarde today with EURUSD jumping above 1.0650 - the highest level in almost a month. Lagarde joined other ECB members and strongly hinted that interest rates in the euro area may begin to rise at a meeting in July. She even went on to say that the ECB may be in position to end negative interest rates regime this September. This points to at least 50 basis points of rate hikes by the end of Q3 2022. As rate hike at June meeting is rather improbable and there are only 3 meetings left until end-Q3 2022, Lagarde's comments point to 25 basis point rate hikes at both July and September meetings.

EURUSD rallied following Lagarde's comments on rate hikes. The main currency pair jumped above early-May high in the 1.0640 area and is trading at the highest level since April 26, 2022. Source: xStation5

11 February 2026, 6:28 PM

Daily Summary - Powerful NFP report could delay Fed rate cuts

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

10 February 2026, 1:31 PM

BREAKING: US RETAIL SALES BELOW EXPECTATIONS

9 February 2026, 10:08 AM

Takaichi’s party wins elections in Japan – a return of debt concerns? 💰✂️

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits