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: 2025.10.31
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ECB's Kazaks: Signals no urgency for monetary policy adjustments
World FX news
Breaking news
ECB's Kazaks: Signals no urgency for monetary policy adjustments
New
2025.10.31 17:26
2025.10.31 17:26
2025.10.31 17:26
European Central Bank (ECB) policymaker and Governor of Central Bank of Latvia, Martins Kazaks, said during European trading session that risks to inflation and growth in the Eurozone are more balanced.
Additional comments
ECB will move when needed but shouldn't be jumpy.
Risks to inflation and growth are more balanced.
Market reaction
EUR/USD trades with caution near the two-week low around 1.1560, posted on Thursday, during European trading hours.
Euro FAQs
The Euro is the currency for the 20 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
: 2025.10.31
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Canadian Dollar weakens as Fed's cautious tone boosts US Dollar demand
The Canadian Dollar (CAD) remains under pressure against the US Dollar (USD) on Friday, weighed down by renewed demand for the Greenback after the Federal Reserve's (Fed) cautious guidance tempered expectations of another rate cut this year.
New
2025.10.31 23:47Silver holds steady near $49 amid US fiscal uncertainty, trade truce
Silver (XAG/USD) trades little changed on Friday, hovering around $49 per ounce as investors digest the cautious message from the US Federal Reserve (Fed) and the recent diplomatic progress between the United States (US) and China.
New
2025.10.31 23:28GBP undertone remains soft - Scotiabank
Pound Sterling (GBP) is also little changed on the day but the market retains a soft undertone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.10.31 22:44EUR holds in tight range as support in low/mid 1.15s holds - Scotiabank
EUR/USD is little changed on the session. The main Eurozone data reports earlier were in line with forecasts, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.10.31 22:41CAD remains soft on wider US/Canada spreads - Scotiabank
The Canadian Dollar (CAD) is little changed in quiet trade. Weak Asian stocks and soft European markets reflect a somewhat cautious undertone to risk sentiment, despite some gains in US equity futures, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.10.31 22:38USD remains firm but can't extend gains - Scotiabank
The US Dollar (USD) is tracking a little higher overall into the end of the week, with a minor gain for the Euro (EUR) leaving it as the only currency in the green on the day, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.10.31 22:35EUR/CHF holds near two-week highs as Swiss Franc weakens on fading safe-haven demand
The Euro (EUR) trades on the front foot against the Swiss Franc (CHF) on Friday as fading safe-haven demand keeps the Franc under pressure. At the time of writing, EUR/CHF is trading around 0.9287, holding firm near a two-week high as investors digest the latest Eurozone inflation figures.
New
2025.10.31 22:09Fed's Logan: Would find it difficult to cut rates again in December
Dallas Federal Reserve (Fed) President Lorie Logan said on Friday that she did not see a need to cut rates this week; explaining that the economic outlook did not call for it, per Reuters.
New
2025.10.31 22:08Fed's Schmid: Dissented against rate cut because of continued momentum in economy
In a statement published on Friday, Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid explained he voted in favor of keeping the policy rate unchanged because "the labor market is largely in balance, the economy shows continued momentum, and inflation remains too high."
New
2025.10.31 21:45ECB's Villeroy: We must maintain full optionality to act as necessary
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the ECB is in a good position following Thursday's decision but added that this position is not a fixed one.
New
2025.10.31 21:30Disclaimer:
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