The ECB's decision to cut the deposit rate by 25bp to 3.50% signals a cautious approach towards policy easing, reflecting an ongoing 'data-dependent' strategy.
Despite the market rally, President Lagarde's press conference provided little actionable insight, reflecting a perception of the ECB's policy as being deliberative and cautious.
U.S. economic indicators such as PPI and jobless claims were largely as expected, suggesting no significant changes in economic outlook ahead of the FOMC meeting.
The EUR/USD dynamics remain influenced by the market's expectation of a dovish FOMC, as economic indicators point towards a stable but cautious recovery.
[
Collection
]
[
|
...
]