ECB Likely to Delay Rate Cuts Until September.

Estimates indicate that the European Central Bank will maintain its tight monetary policy unchanged at its upcoming meeting on Thursday.

Content:

European Central Bank
Gold
Dollar

European Central Bank

Traders are likely to closely monitor the meeting for any clues
from Christine Lagarde regarding a potential rate cut in September.

Gold

Gold prices rise to a two-month high thanks to Powell’s statements.

Following statements from the Federal Reserve Chairman, its prices hit a two-month high as hopes for a rate cut rise.
Federal Reserve Chairman Jerome Powell said that the three inflation readings during the second quarter of this year showe.d
“Further progress” in bringing the pace of price increases back to the Federal Reserve’s target.

Dollar

The dollar declines as investors bet on Trump’s victory and Powell’s statements.
It retreated from the high levels it reached earlier on Monday,
following statements made by U.S. Federal Reserve Chairman Jerome Powell. At the same time, cryptocurrencies rose thanks to bets that the assassination attempt on former President Donald Trump would boost his re-election chances.

ECB is likely to delay rate cuts until September.

ECB Likely to Delay Rate Cuts Until September

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