"Market participants are cautious ahead of the ECB policy meeting, with the euro holding steady as a 'wait-and-see' approach prevails among policymakers amid global uncertainty."
"Policymakers are widely expected to keep interest rates unchanged following June's rate cut, while the timing of future moves depends on US-EU trade developments."
"The euro could benefit from a weaker dollar as investors assess US policies' impact on the economy, while monitored trade negotiations could affect sentiment."
"Traders are focused on the ECB's communication; a dovish outlook may pressure the euro, while a cautious tone could offer continued support."
The euro held steady as market participants remained cautious ahead of the European Central Bank's policy meeting. Following a rate cut in June, the ECB is expected to maintain current interest rates, adopting a wait-and-see approach amidst uncertainty. Investors are split on the timing of future moves influenced by US-EU trade tensions. The euro may benefit from a weaker dollar, but potential trade negotiation failures could affect sentiment and growth, leading to higher demand for government bonds, impacting the euro's yield.
Read at London Business News | Londonlovesbusiness.com
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