Intermarket Dynamics: ECB's Decisions and Fed's Transition Impact on Equities and Currencies
Wednesday, 11 September 2024, 22:46
Intermarket Reactions to ECB Meeting
The upcoming meeting of the European Central Bank (ECB) comes at a pivotal moment. The intermarket environment grows increasingly complex as Fed doves signal a shift away from aggressive monetary policy. The US dollar's strength continues to affect equities globally.
Impact on Currencies and Global Markets
The USDJPY rebounded back after testing the 140 levels, while GBP/USD shows volatility near the 1.30 support as British growth appears stagnant for the second consecutive quarter.
- Central banks are adjusting their policies with the ECB meeting set against a backdrop of shifting intermarket sentiments.
- These configurations call for close monitoring of currency pairs and global equities performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.