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EUR/AUD weakens on combo of ECB rate cut and Aussie employment data
EUR/AUD falls by almost three-quarters of a percent to the 1.6180s on Thursday after a combination of stronger-than-expected Australian labor market data boosted the Australian Dollar (AUD) whilst the Euro (EUR) depreciated ahead of the European Central Bank’s (ECB) decision to cut interest rates, and remained under pressure as the bank telegraphed a mildly negative economic outlook for the region going forward.
Fxstreet
Oct 17, 2024
TRY: CBT to keep rate high at 50% – Commerzbank
While Turkey’s central bank (CBT) removed sentences about additional tightening in its last monthly statement, and even introduced hints about monetary easing in the medium-term, the CB maintained its hawkish bias for the short-term, and is watchful of inflation developments.
Fxstreet
Oct 17, 2024
GBP with significant losses after the inflation figures – Commerzbank
Yesterday's inflation figures put the Pound Sterling (GBP) under considerable pressure: at 4.9% year-on-year, services inflation was even lower than expected, it got it yesterday, Commerzbank’s FX analyst Michael Pfister notes.Fxstreet
Oct 17, 2024
