The European Central Bank (ECB) policymaker Ewald Nowotny was on wires, via Reuters, during the weekend. Mr. Nowotny expects interest rates to be lower in the long term than they have been historically. Key quotes In the long term, we should strive to have a normalization. We will likely have an interest rate level that is somewhat higher than it is today, but still lower than we have grown accustomed to from earlier times. FX implications Although no major impact on the news could be witnessed during the week-start trading session, the recent ECB decision could weigh on the Euro during the long-term. However, the EUR/USD pair will surge if this week’s fed is anything less than a dovish cut. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD: Pulls back from 50-day EMA despite weak WTI FX Street 4 years The European Central Bank (ECB) policymaker Ewald Nowotny was on wires, via Reuters, during the weekend. Mr. Nowotny expects interest rates to be lower in the long term than they have been historically. Key quotes In the long term, we should strive to have a normalization. We will likely have an interest rate level that is somewhat higher than it is today, but still lower than we have grown accustomed to from earlier times. FX implications Although no major impact on the news could be witnessed during the week-start trading session, the recent ECB decision could weigh on the Euro… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
