Makro

Rabobank’s Global Strategist Michael Every argues that with war risks in the Middle East, the European Central Bank (ECB) faces greater dangers from inaction than from tightening too far.

Here is what you need to know on Thursday, June 11:

The Euro (EUR) is going through a nervous consolidation against the British Pound (GBP) on Thursday, with price action hovering around 0.8625, a few pips above two-week lows at 0.8620.

The Euro (EUR) edges up against the US Dollar (USD) on Thursday but remains trapped within the range of the last two days, around 1.1550, not far from two-month lows, near 1.1500.

EUR/CAD recovers its recent losses registered in the previous day, trading around 1.6110 during the early European hours on Thursday. The currency cross appreciates as the Euro (EUR) receives support ahead of the European Central Bank’s (ECB) policy decision due later in the day.

Danske Research Team expects the European Central Bank (ECB) to raise the deposit rate by 25bp to 2.25%, in line with consensus. With the June move fully priced, they see market attention shifting to communication on future policy.

The European Central Bank (ECB) is set to announce its monetary policy decision at 12:15 GMT following its June meeting. The Frankfurt-based institution is widely expected to raise its key interest rates by 25 basis points, taking the deposit facility rate to 2.25% from 2%.

Commerzbank’s Michael Pfister expects the European Central Bank (ECB) to deliver its first rate hike in months, but notes this is already priced into EUR/USD. He doubts President Lagarde will pre-commit to multiple hikes and highlights cooling Oil prices and softer inflation expectations.

Küresel piyasalarda risk iştahı azalırken, yurt içinde gözler Türkiye Cumhuriyet Merkez Bankasının (TCMB) faiz kararı, yurt dışında ise Avrupa Merkez Bankasının (ECB) para politikası kararlarına çevrildi.

Türkiye Cumhuriyet Merkez Bankası bugün faiz kararını açıklayacak. Tüm Türkiye'nin gözü bu verilerde... Enflasyon rakamlarının ardından Merkez'in nasıl bir yol izleyeceği merak ediliyor. Bugün sıkça gelen soruların başında "Merkez Bankası faiz kararı açıklandı mı, saat kaçta açıklanacak" geliyor.

Enflasyon beklentileri tedarik zinciri şoklarıyla bozulurken analistler merkez bankasının agresif faiz artırımlarına gitmek zorunda kalacağını ve ekonomik yavaşlama risklerinin artacağını öngörüyor

ABD’de tahvil yatırımcıları, ılımlı çekirdek tüketici enflasyonu verisinden sonra bile 2026’da faiz artışı fiyatlamaya devam etti.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, edges lower during the Asian session on Thursday, stalling the overnight bounce from the vicinity of the weekly low.

The EUR/USD pair trades slightly higher to near 1.1550 during the Asian trading session on Thursday. The major currency pair edges higher as the Euro (EUR) gains ahead of the European Central Bank’s (ECB) monetary policy announcement at 12:15 GMT.

The GBP/USD pair gathers strength to around 1.3385 during the Asian trading hours on Thursday. However, the potential upside might be limited amid rising expectations for higher-for-longer US interest rates.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding losses after registering minor gains in the previous day and trading around 100.00 during the Asian hours on Thursday.

The EUR/USD pair trades in positive territory near 1.1540 during the early Asian trading hours on Thursday. Rising bets that the European Central Bank (ECB) will deliver a rate hike at its June policy meeting later on Thursday underpin the Euro (EUR) against the Greenback.