The euro is jumping up and down after the ECB cut its deposit euro by 10bps, as expected. Other rates were left unchanged. At the same time, the ECB will relaunch its bond buying programme with monthly purchases of 20 billion EUR, which is less than expected (30 billion EUR). The new round of QE is going to start on November 1. Moreover, the ECB decided to introduce a so-called tiering system which could ease downward pressure on bank’s profitability.
BREAKING: EURUSD with limited reaction to Fed Minutes from September meeting
Market Wrap: Oil rises again, French fiscal concerns weigh on euro (07.10.2026)
Oil falls below $100🚨
Daily Summary: Yields at their highest since 2002, yet Wall Street is still rising🚨