Mitsubishi UFJ: ECB's Continued Rate Hike Outlook May Support Euro

robot
Abstract generation in progress
On July 3, Derek Halpenny from Mitsubishi UFJ Bank stated in a report that the European Central Bank may still lean towards further interest rate hikes due to persistently high inflation risks, which would support the euro. He noted that while crude oil tanker shipments are rebounding, liquefied natural gas shipments are not showing the same trend. 'The ECB will closely monitor energy prices, as the decline since the extension of the US-Iran ceasefire agreement and the reopening of the Strait of Hormuz has not been sufficient to eliminate energy-related inflation risks.' The euro rose by 0.2% to $1.1452.
NG-3.11%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned