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European Central Bank (ECB) Governing Council member Madis Müller said on Friday that it is increasingly likely the ECB will need to raise interest rates.
Increasingly likely ECB needs to raise rates.
Becoming clearer that energy prices will remain high.
At the time of writing, the EUR/USD pair is trading around 1.1735, up 0.03% on the day.
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.
Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.
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European Central Bank (ECB) Governing Council member Madis Müller said on Friday that it is increasingly likely the ECB will need to raise interest rates.
The NZD/USD pair loses traction to around 0.5890 during the early European session on Thursday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as escalating tensions in the Middle East and a continued blockade of the Strait of Hormuz boost a safe-haven asset.
纽元/美元在周四欧洲早盘时段失去牵引力，跌至约0.5890。由于中东紧张局势升级及霍尔木兹海峡持续封锁，美元（USD）兑纽元（NZD）走强，推动避险资产上涨。
Silver price (XAG/USD) trades flat at around $73.70 during the European trading session on Friday.
周五欧洲交易时段，银价（白银/美元）持平，徘徊在73.70美元左右。随着投资者等待美国利率前景的明朗，白银价格维持盘整，投资者将关注美联储（Fed）官员的讲话，这些官员在周三政策公布后的静默期结束后获准就货币政策发表意见。
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, regains some positive traction on Friday and reverses a part of the previous day's sharp retracement slide from a three-week high – level just above the 99.00 mark.
美元指数（DXY）追踪美元兑一篮子货币的表现，周五重新获得一定的积极动力，扭转了前一日从三周高点——略高于99.00关口——的急剧回调部分跌幅。该指数在进入欧洲交易时段时维持温和的盘中涨幅，目前交投于98.25附近，当日上涨超过0.10%。
Australia RBA Commodity Index SDR (YoY) up to 15.7% in April from previous 12.8%
澳大利亚 四月 澳大利亚RBA商品价格指数年率从前值12.8%增加至15.7%