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EUR/USD is under pressure as trade disputes escalate, particularly following Trump's announcement of new tariffs on aluminum and steel. Investors are closely watching upcoming US inflation data and Fed Chairman Jerome Powell's speech, which could influence market movements. The trading range remains between 1.02 and 1.04 dollars, with potential shifts towards parity or recovery towards 1.055 dollars depending on economic indicators.
European Central Bank Vice President Luis de Guindos indicated that further interest rate cuts are likely if inflation forecasts remain unchanged. He emphasized that the timing and magnitude of these cuts will depend on how inflation evolves, making precise predictions challenging.
The European Central Bank is focused on a trajectory of lowering interest rates, with the size of each cut being less significant than the overall direction, according to Vice President Luis de Guindos. He noted that wage growth is expected to slow next year, and consumer-price increases are anticipated to align with the ECB's 2% target.
Germany has the fiscal capacity to increase spending to bolster its struggling economy, according to European Central Bank Vice President Luis de Guindos. He emphasized that this financial flexibility sets Germany apart from other countries, presenting a significant advantage for the future.
European Central Bank Vice President Luis de Guindos stated that interest rates are set to decrease further, but cautioned against hastening the process due to uncertainties such as rising trade tensions and global conflicts. He emphasized the need for extreme prudence as the monetary policy stance is adjusted in the coming months and quarters.
The European Central Bank warns that rising global trade tensions pose risks to the euro zone"s financial stability, with weak growth now a greater concern than high inflation. Despite a recent growth uptick, uncertainties from geopolitical issues and potential U.S. tariffs could further strain the economy. ECB officials highlight fragile consumer activity and rising sovereign debt costs as additional challenges, suggesting a possible sharp reversal in market sentiment due to high asset valuations.
European Central Bank Vice President Luis de Guindos cautioned that high sovereign debt levels could hinder governments' ability to tackle long-term economic issues, leading to persistent low growth. He highlighted that increasing primary budget deficits may limit financial resources needed for critical areas such as climate change, defense, digitalization, and improving productivity.
European Central Bank Vice President Luis de Guindos expressed optimism about euro-area inflation data, noting it is moving in a positive direction. He anticipates a slowdown in services inflation in the coming months and expects inflation to stabilize at the target rate of 2%. However, he acknowledged concerns regarding economic growth.
European Central Bank Vice President Luis de Guindos warned that potential import tariffs from US President-elect Donald Trump could harm the global economy. He noted that such measures could weaken economic output, increase inflationary pressures, and disrupt established trade flows. The ECB plans to adjust its outlook based on the new administration's policies.
The European Central Bank has made significant progress in reducing inflation, but Vice President Luis de Guindos cautions that it cannot yet declare victory. He noted that while the disinflationary process is well underway, the outlook remains fraught with substantial risks.
Luis de Guindos
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