It is expected to decrease European Central Bank Deposit interest rates rise by a quarter of a point when he publishes his monetary policy decision followed by a press conference by Central Bank President Christine Lagarde that will be closely watched for indications of upcoming decisions.
Weak economic data pushed in Eurozone Statements from central bank officials indicate a tendency to ease monetary policy. Traders are betting that the European Central Bank will cut interest rates for a third time this year, which has reduced the euro’s attractiveness.
Price movements
The dollar index, which measures the performance of the US currency against a basket of six major currencies, remained near the highest level since early August at 103.50.
In the latest trading, the yen recorded 149.610 against the dollar.
The British pound rose slightly to $1.30110, but remained near the lowest level in two months that it recorded yesterday, Wednesday, due to inflation data in… UK Which was less than expected.
The dollar received support from a series of positive data regarding the US economy, which prompted traders to reduce their expectations for a decrease US Reserve Board Interest rates rise as Trump’s chances of winning the elections scheduled for next month increase.
Analysts expect the dollar to rise and bonds to come under pressure if Trump wins.
Investors are awaiting a group of US data, including industrial production, retail sales, and weekly unemployment claims, scheduled to be released later in the day.
The Australian dollar rose 0.5 percent to $0.6696.
