Reuters analysis details how latest ECB rate-hike pushback turns euro into falling knife

Business & Finance

In an in-depth analysis, Reuters detailed how the European Central Bank’s latest comments on inflation have lobbed another grenade in the path of the euro. Already down over 7% to the dollar this year, the euro tumbled against every major currency after ECB President Christine Lagarde quashed money markets’ expectations of a 2022 interest rate rise earlier this week. Tightening policy now would only choke off economic recovery, she said. Her stance pits the euro against peers which are backed by policy-tightening expectations.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceEconomy & PolicyEquitiesFX & Fixed Income

Regions: Europe

Story Types: Special Report / Insight

Media Types: Text

Customer Impact: Important Regional Story

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