Euro pressured as ECB hike looms: Danske Bank

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Summary · why it matters

Danske Bank reports that EUR/USD slipped below 1.1600 as the US Dollar strengthened on a hawkish Federal Reserve stance and geopolitical tensions. The bank notes that Euro area inflation has moved back above 3%, reinforcing expectations for a September ECB rate hike.

Impact on assets 3

Others▲ · 2 stocks
％ECB rates
ECBRATES
▲ PositiveMonetaryrelevance

ECB rate hike expected in September due to inflation above 3%

Others▼ · 1 stocks
💱Euro/US Dollar FX Spot Rate
EURUSD
▼ NegativeMonetaryrelevance

EUR/USD slipped below 1.1600 as USD strengthened on hawkish Fed and geopolitical tensions; ECB hike expected but not enough to offset USD strength

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