Money markets price in 137 bps of ECB rate hikes by year-end – Reuters

Market news

12 July 2022

Money markets price in 137 bps of ECB rate hikes by year-end – Reuters

Money markets on Tuesday scaled back European Central Bank (ECB) rate hike bets to 137 basis points (bps) by the end of the year from 145 bps on Monday amid recession fears, Reuters reported.

Market reaction

This headline doesn't seem to be having a noticeable impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was trading at 1.0010, where it was down 0.28% on a daily basis.

Meanwhile, markets remain cautious on Tuesday with the Euro Stoxx 600 Index losing 0.3% on the day.

Currencies. Daily history for Tuesday, July 12, 2022

Commodities. Daily history for Monday, July 11, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.