Shinobi - EURUSD: The possibility of a decrease is still high
Euro steadied again going into Thursday’s trading day but remains within a whisker of the 3-month low seen yesterday near 1.0700.
The US Dollar is generally stronger so far today after Treasury yields once again stepped up to loftier levels overnight. The benchmark 10-year note is near 4.30% after having traded at 4.06% a week ago.
The European Central Bank meets next week, and the market is only subscribing around a 33% probability of a 25 basis-point (bp) hike.
Yesterday, Governing Council member Klaas Knot said that he thought the market was underestimating the chance of a hike. He will be speaking again today alongside several other ECB representatives.
The US Dollar is generally stronger so far today after Treasury yields once again stepped up to loftier levels overnight. The benchmark 10-year note is near 4.30% after having traded at 4.06% a week ago.
The European Central Bank meets next week, and the market is only subscribing around a 33% probability of a 25 basis-point (bp) hike.
Yesterday, Governing Council member Klaas Knot said that he thought the market was underestimating the chance of a hike. He will be speaking again today alongside several other ECB representatives.
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