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 |
|
|
1.0368 -51 pips |
1.0735 -316 pips |
1.04191 | |
| EURAUD |
|
|
1.6397 -217 pips |
1.6651 -37 pips |
1.66138 | |
| EURJPY |
|
|
156.7468 -549 pips |
163.9771 -174 pips |
162.236 | |
| EURCAD |
|
|
1.4792 -139 pips |
1.4963 -32 pips |
1.49313 | |
| EURCHF |
|
|
0.9402 -31 pips |
0.9630 -197 pips |
0.94334 | |
| EURCZK |
|
|
25.2779 +1460 pips |
0 +251319 pips |
25.13190 | |
| EURGBP |
|
|
0.8395 -55 pips |
0.8461 -11 pips |
0.84499 | |
| EURHUF |
|
|
400.4734 -1188 pips |
406.2462 +610 pips |
412.35 | |
| EURNOK |
|
|
11.4331 -3244 pips |
11.7142 +433 pips |
11.7575 | |
| EURNZD |
|
|
1.8074 -306 pips |
1.8408 -28 pips |
1.83800 |
News (EUR)
German Economic Confidence Weakens In January
German economic sentiment deteriorated more than expected in January as the economy remained in recession for the second straight year and inflationary pressure rose recently, results of a survey by the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment fell to 10.3 from 15.7 in December. The reading was expected to drop moderately to 15.2.
RTTNews | 1 day ago
ECB Minutes Show Policymakers Saw Room For More Easing
European Central Bank policymakers were looking forward to more interest rate cuts, but they saw the need for a cautious approach due to several uncertainties that could derail inflation from its path to the 2 percent target, the minutes of the December 11-12 policy session showed on Thursday.
RTTNews | 5 days ago
German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.
RTTNews | 7 days ago
