According to Reuters, Eurozone money markets slashed their expectation for a European Central Bank (ECB) rate hike in June 2019, mainly in response to the Italian political tensions and dwindling economic growth. Key Highlights: “Eurozone money markets now price just a 30 percent chance of a 10 basis point rate rise from the European Central Bank in June 2019. The difference between the overnight bank-to-bank interest rate for the eurozone (Eonia) and forward Eonia rates dated for the ECB’s June 2019 meeting was 3 basis points on Tuesday, down from around 6 bps last week and 9 bps earlier this month, ECBWATCH showed. The chances of a June 2019 rate hike has to 30% after having been at about 60% last week and 90% at the start of the month.” 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 Italy’s interim PM Cottarelli could present ministers list in afternoon – Bloomberg FX Street 5 years According to Reuters, Eurozone money markets slashed their expectation for a European Central Bank (ECB) rate hike in June 2019, mainly in response to the Italian political tensions and dwindling economic growth. Key Highlights: "Eurozone money markets now price just a 30 percent chance of a 10 basis point rate rise from the European Central Bank in June 2019. The difference between the overnight bank-to-bank interest rate for the eurozone (Eonia) and forward Eonia rates dated for the ECB's June 2019 meeting was 3 basis points on Tuesday, down from around 6 bps last week and 9 bps earlier this… 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.
