ECB's Coeure: Economic slowdown in Germany is stronger than expected

Dhwani Mehta FXStreet

More comments are flowing in from the European Central Bank (ECB) Governing Council member Benoit Coeure delivered in his interview with Frankfurter Allgemeine Zeitung.

Missing transmission from wage costs to consumer prices is a bit puzzling.

Businesses are apparently accepting narrower profit margins.

But that cannot go on forever, at some point they will raise prices.

Choice of next ECB president should be based on competence, not nationality.

ECB does not expect a recession.

But it is true that economic slowdown in Germany is stronger than expected.

Markets pricing in a rate hike by the ECB only in late 2020 is reflective of a different assessment shared by the governing council.

The ECB's economic projections ”will be revised in June".

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD nears 1.1600 after a volatile day

EUR/USD trades near the 1.1600 mark, boosted late in the American session by news coming from the White House. US President Donald Trump announced a deal with Iran to be signed "soon" by the Middle Eastern country, hinting at probably the weekend. Trump also canceled the planned attacks for Friday.

GBP/USD recovers above 1.3400 on USD selloff

GBP/USD is back firm above 1.3400 with the Greenback giving up most of its weekly gains, following headlines coming from the United States signaling US President Donald Trump signed a proclamation in which he announced that a deal with Iran is pretty much sealed.

Why is the Gold price rebounding amid easing US-Iran tensions?

Gold price trades in positive territory near $4,240 during the early European session on Friday. The precious metal rebounds from a six-month low after US President Donald Trump said he canceled planned military strikes against Iran, fueling hopes that a US-Iran truce deal is close.

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

AI Crypto Forecast: Bittensor, Near Protocol, Internet Computer rebound gains traction

Cryptocurrency prices are broadly rising on Thursday, following an overstretched downtrend. Despite sticky geopolitical tensions in the Middle East, tokens at the intersection of the blockchain technology and Artificial Intelligence (AI), including Bittensor (TAO), Near Protocol (NEAR) and Internet Computer (ICP) are testing recovery potential.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.