Markets await European Central Bank Forum in Portugal avidly, why?
Global Central Banks are convening in Portugal under the auspices of the European Central Bank to discuss global policies.
Markets hope to see more clues on the path forward, with expected discussions starting today from Fed Chair Jerome Powell, ECB President Christine Lagarde, and others.
The Fed
Fed Chair Jerome Powell might provide clues on the prospects of a 0.75% rate hike by the Fed in July.
He might also provide clues on the path forward in 2022 for interest rates.
A bullish stance will certainly bolster the dollar against a basket of major rivals.
ECB
Analysts expect the European Central Bank to hike rates by 0.25% at the July meeting, and by another 0.25% in September to control inflation.
Now analysts go as far as expecting a full 0.5% rate hike in the July meeting, if Lagarde sent bullish remarks.
The BoE
Bank of England last hiked rates by 0.25% to 1.25% at its last meeting for the fifth time in a row.
However, a slew of disappointing UK data is casting doubt on future rate hikes by the BoE.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0230
|
0.0032
|
0.3182%
|
|
|
|
|
1.2108
|
-0.0009
|
0.0751%
|
|
|
|
|
20.605
|
0.241
|
1.183%
|
|
|
|
|
89.309
|
0.831
|
0.939%
|
|
|
|
|
95.18
|
-1.32
|
1.37%
|
|
|
|
|
1792.090
|
10.415
|
0.585%
|
|
