Forexlive Americas FX News Wrap: Key Insights from ECB and US Markets
Thursday, 7 March 2024, 21:31
Forexlive Americas FX News Wrap
The European Central Bank (ECB) lowers its inflation forecast without signaling early rate cuts. Lagarde remains confident in inflation outlook with no decisive action for now.
Key Points:
- ECB Changes: Inflation forecasts revised lower, no immediate rate cut expected.
- Fed Reactions: Powell and Mester hint at possible rate cuts later in the year.
- US Market Updates: Jobless claims, trade balance, and inflation reports in focus.
The yen strengthens on positive wage growth signals in Japan, impacting global markets. Resilient global growth boosts the cable, Aussie, and kiwi, while US markets track job reports and trade balances. Notable performance seen in NVDA shares in the stock market.
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.