EUR – The euro gave up earlier gains on Thursday, after the latest policy announcement by the European Central Bank (ECB), which signalled to markets that the bank was poised to begin raising interest rates.
Reuters explains that “a lack of any details for a plan about dealing with fragmentation concerns in the region helped send the euro lower… The ECB has said that fragmentation, a divergence between borrowing costs for different European countries, hampers the execution of its monetary policy.”
Reuters explains that “a lack of any details for a plan about dealing with fragmentation concerns in the region helped send the euro lower… The ECB has said that fragmentation, a divergence between borrowing costs for different European countries, hampers the execution of its monetary policy.”
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.