Home Business Words Knot push away the euro / dollar parity. Will ECB Really Amaze in July? Also watch out for BTP and spread movements

Words Knot push away the euro / dollar parity. Will ECB Really Amaze in July? Also watch out for BTP and spread movements

by admin
Words Knot push away the euro / dollar parity.  Will ECB Really Amaze in July?  Also watch out for BTP and spread movements
  1. Home ››
  2. News >>
  3. Currencies and commodities ››

18/05/2022 13:11


FACEBOOK
TWITTER
LINKEDIN

The euro / dollar cross remains above the 1.05 threshold yesterday following the words of Klaas Knot. The governor of the Dutch central bank in an interview pointed out a possible rate hike of 50bp in July and it is the first time that an ECB exponent speculates such an aggressive change. Knot represents a hawk within the ECB, but the markets have begun to discount the possibility of a reduction on the divergence of monetary policy between Europe and the United States. “OIS (Overnight Indexed Swaps) are now priced at 110bps of ECB hikes by the end of the year,” explains MPS Capital Services.

The euro in recent days had updated the 20-year lows against the greenback.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy