Rate Cut Odds Drop for ECB, RBNZ, and RBA as Global Growth Concerns Cool - Central Bank Watch

Rate Cut Odds Drop for ECB, RBNZ, and RBA as Global Growth Concerns Cool - Central Bank Watch

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More signs that the US-China trade was is moving towards de-escalation has market participants lowering their expectations for immediate, aggressive rate cuts by central banks.

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Market Outlook

US
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EUR/USD is putting in a firm push lower ahead of tomorrow's ECB rate decision, testing the 1.1000 psychological level.
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EURO
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EUR/USD may rise if US retail sales and sentiment data amplify growing Fed rate cut bets after the ECB failed to meet the market’s ultra-dovish expectations.
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