Page 7 - European Central Bank

ECB rate hike bets hoist euro; hawkish Fed comments bolster US dollar

Another month of manufacturing contraction is expected for August, with a reading of 49.2 forecast, marginally higher than the 49.0 reading in July

Dollar sags below 20-year peak as euro reinvigorated by ECB bets

By comparison, bets for a 75 bps increase by the Fed on Sept. 21, while higher at 70%, have receded from as much as 75% on Monday

Will RBI catch up with rest of the world on Friday in terms of rate hike?

On August 4, the Bank of England is expected to raise rates by 50 bps to 1.75 per cent. A Business Standard poll of 10 economists expects the RBI to raise rates by 35-50 bps

At 50 basis points, European Central Bank's rate hike higher than expected

Euro zone central bank's first rate hike in 11 years confirms that concerns about runaway inflation now trump growth considerations

Euro rallies after report that bigger ECB rate hike is on the cards

The euro rose to as high as $1.0254, up 1.1% on the day and its strongest since July 6 as money markets priced in a 60% chance of a 50 basis point hike on Thursday, up from 25% on Monday.

European Central Bank set to hike rates for the first time in 11 years

That outlook is getting murkier by the day because inflation is still accelerating and growth slowing sharply

Gold rises as dollar retreats; traders focus on Fed rate-hike path

Spot gold rose 0.7% to $1,719.49 per ounce by 0724 GMT, after falling to its lowest in nearly a year last week. U.S. gold futures gained 0.6% to $1,714.30.

Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%

Industrial production growth zoomed to 19.6% in May, as per the National Statistical Office (NSO) data.

Euro teeters near parity versus US dollar, hits new two-decade low

The dollar index, a measure against six counterparts, with the euro most heavily weighted, was 0.2% higher at 108.43. It had earlier climbed to 108.47, its highest since October 2002.

Spain inflation soars to record 10% as ECB gears up for rate hikes

Energy and food costs drove Spanish inflation to 10% last month -- defying government efforts to curb it and raising pressure on Prime Minister Pedro Sanchez

Rate hike bets subdue gold prices even as economic slowdown fears mount

Spot gold fell 0.2% to $1,817.00 per ounce by 0920 GMT, holding a tight range between $1,814.30 - $1,822.76. U.S. gold futures were down 0.2% to $1,817.60.

Euro below $1.06 as Christine Lagarde keeps July policy options open

Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding above $117, pushing the Canadian dollar and the Australian dollar up 0.3% and 0.4% respectively

Gold stuck in range as rate hike bets and recession fears collide

Although gold is considered a hedge against inflation and economic uncertainties, rate hikes dim bullion's appeal by increasing the opportunity cost of holding the asset which pays no interest.

Dollar up, euro down as ECB's Lagarde keeps July policy options open

The ECB is widely expected to follow its global peers by raising interest rates in July to try to check soaring inflation though economists are divided on the magnitude of any rate hike.

ECB ready to 'stamp out' surging inflation with rate hike in July, Sept

With new inflation figures due out Friday, Lagarde said the bank is using the dual approach to be able to respond to economic uncertainty.

Euro holds below $1.06 as ECB's Lagarde sticks to policy outlook script

Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding near $117 levels pushing Canadian and Australian dollar up 0.3% and 0.4% respectively versus the greenback

ECB promises fresh scheme for backstop against market turmoil

Government borrowing costs have soared on the 19-country currency bloc's periphery

ECB to create new tool to address fragmentation risk in euro zone

ECB had an unscheduled, emergency meeting earlier on Wednesday to address higher borrowing costs for many European govts

Emergency ECB meeting lifts European markets, Fed ready to go big

The euro jumped almost 0.75% to $1.0487 pushing the dollar index off a 20-year high in the process.

World's central banks got it wrong on inflation and economies pay the price

ECB President Christine Lagarde has lately also turned more hawkish than she previously indicated, and the Reserve Bank of Australia is among those raising rates faster than policy makers had signaled