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: 2025.09.11
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Lagarde speech: Trade uncertainty has diminished
Breaking news
Lagarde speech: Trade uncertainty has diminished
New
2025.09.11 22:16
2025.09.11 22:16
2025.09.11 22:16
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.
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Key quotes
"Trade uncertainty has diminished."
"All governments need to operate on basis of EU fiscal framework."
"Minimal deviation from target will not necessarily justify movement."
"Euro Area sovereign bond markets are orderly, functioning with smooth liquidity."
Euro FAQs
The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB's primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates - or the expectation of higher rates - will usually benefit the 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.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB's 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone's economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Last updated
: 2025.09.11
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EUR/JPY steadies at 172.65 as ECB hawkish hold offsets BoJ hike risks
The Euro advances against the Japanese Yen during the North American session, up a modest 0.10% after the European Central Bank (ECB) held rates unchanged, as expected.
New
2025.09.12 00:21USD/CAD tumbles from three-week high as sticky US inflation fails to lift the Greenback
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Thursday, with USD/CAD retreating sharply after testing its highest level since August 22 earlier in the European session.
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2025.09.12 00:05United States FX Today: USD under pressure ahead of the Michigan Consumer Confidence Index
The US Dollar (USD) retreated on Thursday with the US Dollar Index (DXY) down 0.3% over the session, weighed down by the publication of US inflation data.
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2025.09.11 23:53USD/JPY drops below 147.50 on renewed USD weakness
After rising above 148.00 earlier in the day, USD/JPY made a sharp U-turn and turned negative on the day below 147.50. At the time of press, the pair was trading at 147.35, losing about 0.1% on a daily basis.
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2025.09.11 23:07AUD/USD jumps towards 0.6630 on sticky United States inflation
The AUD/USD pair changed course early in the American session on Thursday, recovering from an intraday low of 0.6590 after the release of the United States (US) August Consumer Price Index (CPI).
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2025.09.11 22:58United Kingdom FX Today: GBP holds firm before critical GDP report
The British Pound (GBP) is trending flat against the US Dollar (USD) on Thursday, trading at 1.3535 despite a spike in volatility following the release of US inflation data.
New
2025.09.11 22:53GBP/USD climbs as mixed US inflation data bolsters Fed rate cut expectations
The British Pound (GBP) gains traction against the US Dollar (USD) on Thursday, with GBP/USD reversing earlier losses as investors digested a mixed US inflation report that failed to shake expectations of a Federal Reserve (Fed) interest rate cut next week.
New
2025.09.11 22:38Lagarde speech: Trade uncertainty has diminished
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.
New
2025.09.11 22:15Lagarde speech: Disinflationary process is over
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.
New
2025.09.11 22:06Lagarde speech: Stronger Euro could bring inflation down more than expected
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.
New
2025.09.11 21:58Disclaimer:
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