Euro Volatility Rises Ahead of ECB Rate Decision

Euro’s Roller Coaster: From Sticking Gaps to Those “Maybe‑Soon” Rate Cuts

The euro took a little dip early in the day after a string of three bullish swings against the greenback. Yet, this morning’s move was nothing short of a minor wobble, with traders anxiously eyeing next week’s ECB meeting.

What’s Going On With the ECB?

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Rate Cut on the Horizon – The bank is tipped to trim rates by 25 basis points, a move that’s been widely expected.

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Uncertainty Still Sits Out – While a cut is likely, the public is still clueless about any further reductions later this year.

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Lagarde’s Forecast Could Shake Things Up – President Lagarde may drop hints about the next steps, and bond yields might react instantly. For your heads‑up, the yield curve has been nudging up since the start of 2024.

Why the Euro‑Dollar Pair Is on Everyone’s Radar

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The pair’s future hinges on two things: the ECB’s remarks and forthcoming US labour stats.

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US Non‑Farm Payrolls – If the data looks weak, investors might lean toward a September Fed rate cut. That’s a hot hand for the euro, making it stronger against the dollar.
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