Central Banks

Sources: ECB all but rules out a July cut. A September but is unclear

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Bloomberg is reporting that ECBs sources are saying:

  • ECB has all but ruled out the cut in July (they are on vacation anyway)
  • A move in September is characterized as unclear.

The EURUSD continues to trade below the May high at 1.08944, but above downside support defined by the 200 hour moving average at 1.0857.

This article was written by Greg Michalowski at www.forexlive.com. Source