EUR/USD holds gains above 1.0400 as increasing chances of the ECB postponing more rate cuts
EUR/USD values as traders anticipate the ECB to postpone its additional rate cuts due to a current uptick in inflation.
ECB's Holzmann stated that Trump's tariffs cause a downturn in development in general, however likewise produce inflationary pressure."
The current FOMC Dot Plot prepares for just 2 rate cuts, below the formerly anticipated 4.
EUR/USD extends its gains for the 3rd succeeding day, trading around 1.0430 throughout the Asian hours on Monday. The advantage of the set might be credited to the remarks from the European Central Bank (ECB) Governing Council member Robert Holzmann.
On Saturday, ECB's Holzmann stated that the next rate of interest cut by the reserve bank might be longer in following a current uptick in inflation, per Reuters. He likewise stated, "I do not se...