Euro Area ECB Interest Rate Decision
The Governing Council of the European Central Bank determines the benchmark interest rate for the Euro Area. ECB's monetary policy is primarily concerned with maintaining price stability, which is defined as keeping inflation below but near to 2% over the medium term. During protracted periods of low inflation and low interest rates, the ECB may also use unconventional monetary policy tools such as asset purchase programs. The Main refinancing operations rate is the official interest rate.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0591 +70 pips |
1.0806 -285 pips |
1.05210 | |
| EURAUD |
|
|
1.6143 +7 pips |
1.6310 -174 pips |
1.61358 | |
| EURJPY |
|
|
155.5986 -694 pips |
165.1918 -266 pips |
162.536 | |
| EURCAD |
|
|
1.4590 -98 pips |
1.4841 -153 pips |
1.46884 | |
| EURCHF |
|
|
0.9386 +90 pips |
0.9504 -208 pips |
0.92963 | |
| EURCZK |
|
|
0 -253344 pips |
25.1442 +1902 pips |
25.33444 | |
| EURGBP |
|
|
0.8332 +10 pips |
0.8407 -85 pips |
0.83220 | |
| EURHUF |
|
|
399.8570 -1137 pips |
411.2588 -3 pips |
411.23 | |
| EURNOK |
|
|
10.5561 -10588 pips |
11.7475 -1326 pips |
11.6149 | |
| EURNZD |
|
|
1.7825 -101 pips |
1.8041 -115 pips |
1.79260 |
News (EUR)
Eurozone Inflation Rises To 2% As Estimated
Eurozone inflation returned to the 2 percent target in October, final data from Eurostat showed on Tuesday. The harmonized index of consumer prices climbed as initially estimated in October after rising 1.7 percent in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, remained unchanged at 2.7 percent in October.
RTTNews | 2 days ago
Eurozone Trade Surplus Increases In September
The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.
RTTNews | 3 days ago
EU Forecasts Eurozone Growth To Pick Up Despite Heightened Uncertainty
The Eurozone economic growth is projected to pick up next year with acceleration of domestic demand despite risks to global trade from protectionist measures. In the Autumn Forecast, the European Commission retained the economic growth outlook for 2024 at 0.8 percent. The currency bloc continued to grow at a subdued pace through the second and third quarters amid easing inflationary pressures.
RTTNews | 6 days ago
