EURUSD | Market outlook

11 Eyl 2021

EUR has been actively declining, like most other currencies paired with USD, waiting for new drivers to appear on the market. Investors were focused on the results of the meeting of the European Central Bank (ECB) on the interest rate, which was expected to clarify the issue of reducing the existing incentives. The key interest rate remained unchanged at zero level, while the deposit rate remained at the level of –0.5%. As for the volume of ECB's pandemic emergency purchase program (PEPP), it has also been kept at the same level of EUR 1.85T. The volume of the quantitative easing program is supposed to remain unchanged at least until March, provided that the existing economic and epidemiological risks remain. As before, the European regulator promised to closely monitor the development of the situation and immediately take measures if necessary.

13 Eyl 2021

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