EUR – The single currency strengthened on Thursday after the ECB’s October meeting failed to push back against rising expectations for the central bank to begin tightening policy in 2022.
Reuters noted that ECB President Lagarde’s comments in the central bank’s press conference were not forceful in reaffirming the ECB’s dovish stance. Hence, the lack of dovish rhetoric and ongoing concerns over rising inflation was enough to keep bets for rate hikes in 2022 on the table, supporting EUR.
Reuters noted that ECB President Lagarde’s comments in the central bank’s press conference were not forceful in reaffirming the ECB’s dovish stance. Hence, the lack of dovish rhetoric and ongoing concerns over rising inflation was enough to keep bets for rate hikes in 2022 on the table, supporting EUR.