Business Standard

Monday, December 23, 2024 | 10:30 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Euro sees muted moves ahead of ECB decision

Image

Euro is witnessing muted trades today as markets are keeping a close watch on the monetary policy action in the region. EUR/USD pair had eased from a five week high earlier this week and currently trades flat at 1.0878. Central banking action is taking the centre stage now as European Central Bank will likely cut borrowing costs for the first time since September 2019. The Bank of Canada cut rates for first time in four years yesterday.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 06 2024 | 4:48 PM IST

Explore News