A drop in interest rates is very likely

VaselineOctober 9, 2024

0 1 minute read

European Central Bank (ECB) Member of the Board of Governors and President of the Bank of France, François Villeroy de Galhau, commented on the next policy move of the central bank on Wednesday.

“A cut in ECB rates is highly likely due to weak economic growth,” he said.

Market reaction

EUR/USD it is trading 0.07% lower on the day at 1.0971 at the time of writing.

EURO PRICE Today

The table below shows the percentage change of the Euro (EUR) against the main listed currencies today. The euro was the weakest against the US dollar.

	USD	EURO	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.08%	0.08%	0.24%	0.04%	-0.04%	0.67%	0.13%
EURO	-0.08%		-0.00%	0.15%	-0.07%	-0.08%	0.55%	0.03%
GBP	-0.08%	0.00%		0.16%	-0.03%	-0.08%	0.56%	0.02%
JPY	-0.24%	-0.15%	-0.16%		-0.19%	-0.27%	0.42%	-0.16%
CAD	-0.04%	0.07%	0.03%	0.19%		-0.07%	0.62%	0.05%
AUD	0.04%	0.08%	0.08%	0.27%	0.07%		0.66%	0.10%
NZD	-0.67%	-0.55%	-0.56%	-0.42%	-0.62%	-0.66%		-0.56%
CHF	-0.13%	-0.03%	-0.02%	0.16%	-0.05%	-0.10%	0.56%

The heatmap shows the percentage changes of major currencies against each other. The base currency is chosen from the left column, while the quoted currency is chosen from the top row. For example, if you choose Euro from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will be EUR (base)/USD (quote).

VaselineOctober 9, 2024

0 1 minute read

Market reaction

EURO PRICE Today

Vaseline

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