Created
: 2025.08.28
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
ECB's Rehn: Significant weakening of Dollar dominance unlikely
World FX news
Breaking news
ECB's Rehn: Significant weakening of Dollar dominance unlikely
New
2025.08.28 17:48
2025.08.28 17:48
2025.08.28 17:48
European Central Bank (ECB) policymaker Olli Rehn said on Thursday that he considers a raping and significant weakening of the US Dollar (USD) unlikely, per Reuters.
Key takeaways
"US President Donald Trump pressure on Fed's independence could have substantial global effects on financial markets and real economy."
"Euro Area inflation being at its 2% target is linked to the ECB's independent decision-making."
"Euro Area growth has proven more resilient than expected, while inflation is slowing to below 2% target."
"We at the ECB keep a close eye on the economy and stand ready to act if needed."
Market reaction
EUR/USD showed no immediate reaction to these comments and was last seen trading marginally higher on the day at 1.1642.
ECB FAQs
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets - usually government or corporate bonds - from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.
Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.
Last updated
: 2025.08.28
Related articles
GBP/USD retreats below 1.3500 as US GDP growth outpaces expectations
2025.08.28 22:35EUR/USD steady despite strong US GDP as Greenback stays under pressure
2025.08.28 22:15US: Initial Jobless Claims dropped to 229K last week
2025.08.28 21:36US economy grows 3.3% in Q2 vs. 3.1% expected
2025.08.28 21:35Euro rebounds against Swiss Franc as ECB minutes highlight cautious outlook
2025.08.28 21:24GBP/JPY slides to near 198.50, Japan's Akazawa cancels visit to Washington
2025.08.28 20:47
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/USD retreats below 1.3500 as US GDP growth outpaces expectations
The British Pound (GBP) eases against the US Dollar (USD) on Thursday, trimming all of its earlier gains after climbing to a session high of 1.3526.
New
2025.08.28 22:35EUR/USD steady despite strong US GDP as Greenback stays under pressure
The Euro (EUR) holds firm against the US Dollar (USD) on Thursday,as the latest batch of US economic data failed to shift the broader bearish tone surrounding the Greenback. The pair briefly climbed to an intraday high of 1.1687 before easing to trade near 1.1666 at the time of writing.
New
2025.08.28 22:15US: Initial Jobless Claims dropped to 229K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance fell to 229K for the week ending August 23.
New
2025.08.28 21:36US economy grows 3.3% in Q2 vs. 3.1% expected
The United States' Gross Domestic Product expanded at an annual rate of 3.3% in the second quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This print came in better than the initial estimate and the market expectation of 3% and 3.1%, respectively.
New
2025.08.28 21:35Euro rebounds against Swiss Franc as ECB minutes highlight cautious outlook
The Euro (EUR) is edging higher against the Swiss Franc (CHF) on Thursday, snapping a three-day losing streak that dragged the pair to its lowest level since August 4 on Wednesday. At the time of writing, EUR/CHF is staging a sharp rebound, trading around 0.9356 at the start of the American session.
New
2025.08.28 21:24Gold consolidates near $3,400 ahead of US GDP, Jobless Claims
Gold (XAU/USD) extends its advance for a third straight session on Thursday, trading near a more than two-week high, buoyed by a softer US Dollar (USD) and subdued Treasury yields.
New
2025.08.28 20:59GBP/JPY slides to near 198.50, Japan's Akazawa cancels visit to Washington
The GBP/JPY pair declines to near 198.50 during the European trading session on Thursday. The pair faces selling pressure as the Japanese Yen (JPY) outperforms a majority of its peers.
New
2025.08.28 20:47EUR/USD nudges higher ahead of US GDP, Jobless Claims figures
The EUR/USD pair extends its recovery from 1.1575 trading, reaching intra-day highs at 1.1670 ahead of the US session opening, with all eyes on the US GDP and Jobless Claims releases due later on the day.
New
2025.08.28 20:40JPY is supported by narrowed yield spreads and hawkish BoJ - Scotiabank
The Japanese Yen (JPY) is up 0.2% against the US Dollar (USD) and pushing toward the upper end of its recent range, supported by fundamentals and the relentless narrowing in US-Japan yield spreads, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.28 20:21GBP extending recovery in quiet week - Scotiabank
The Pound Sterling (GBP) is steady against the US Dollar (USD), trading with modest support as it extends Wednesday's bull reversal, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.28 20:19Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
