Watch for a Euro Interest Rate Hike that Week
Forex trading strategy for the euroOne of the items to watch for that week is a euro interest rate hike. Even though many thought that the ECB would be lowering rates by now, the outlook has changed.
Forex trading strategy for the euro should consider that inflation is a concern in the eurozone, and ECB rates could address that at its meeting later that week. Reuters reports on
the euro and FX trading:
Analysts said the info would go further towards hardening the euro area central bank’s resolve to hike interest rates when it meets later that week, with some seeing risks increasing for a post July tightening as well.
See Also
- Euro FX Trading
Forex trading with world currencies
Original post by Eric J. Fox