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16 Jan 2024

ECB's Simkus: doesn't see rate cuts until summer

European Central Bank (ECB) Board Member and Chairman of the Lithuanian Central Bank Gediminas Šimkus hit the newswires on Tuesday, noting that market expectations of rate cuts from the ECB continue to run well ahead of what the ECB is looking at.

Key highlights:

Simkus: remains far less optimistic on the frequency and pace of rate cuts compared to money markets.

Interest rate cuts might begin around summer, but that will depend entirely on the data.

Simkus reiterates that wage data will be very important moving forward as it anchors inflation expectations.

Jan 16, 2024

Canadian Dollar firms up on Tuesday, but Greenback climbs higher

The Canadian Dollar (CAD) climbed against most of its currency trading peers on Tuesday, but fell back against the US Dollar (USD), which took top spot as the best-performing major currency.
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Jan 16, 2024

Euro settles as ECB talks down rate movement expectations

The Euro (EUR) mixed on Tuesday, holding mostly steady against its peers but seeing steep declines against the US Dollar (USD).
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