Highlights:
- Fed Yellen: rate hike US at end of 2015
- ECB talk up quantitative easing
- Eurozone inflation major data release today
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DAILY CURRENCY UPDATE
Published by Uma Rajagopal
Posted on July 18, 2014
1 min read· Last updated: July 18, 2014
Key Takeaways
- Yellen suggested a US rate hike likely by end‑2015 but emphasized gradual pace based on data.
- ECB is under pressure amid elevated Eurozone inflation and talk of renewed QE support.
- Eurozone inflation data are being closely watched today, with core and headline figures influencing markets.
- Markets await today’s Eurozone inflation release and Fed signals for direction in currency markets.
References
Frequently Asked Questions
Will the Fed hike rates by end‑2015?
Yellen said a rate hike may be warranted later in 2015, depending on incoming data, and will proceed gradually.
Why is the ECB talking about quantitative easing again?
Eurozone inflation remains elevated above target, prompting speculation that the ECB may resume or expand QE measures to support inflation expectations.
What inflation data is being released today?
Eurostat is releasing key Eurozone inflation data today—headline and core HICP readings—which will influence ECB outlook and EUR currency direction.
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