{"id":1626873,"date":"2022-08-30T11:36:04","date_gmt":"2022-08-30T15:36:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1626873"},"modified":"2022-08-30T11:36:17","modified_gmt":"2022-08-30T15:36:17","slug":"ecb-bets-boost-euro-dollar-loses-ground","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ecb-bets-boost-euro-dollar-loses-ground\/","title":{"rendered":"ECB bets boost euro, dollar loses ground"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fecb-bets-boost-euro-dollar-loses-ground%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1626873&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Kevin Buckland and Alun John<\/p>\n<p>TOKYO\/HONG KONG (Reuters) \u2013     The euro climbed past parity against a softening dollar on Tuesday, ahead of German inflation that will help indicate the likelihood of a super-sized European Central Bank rate hike. <\/p>\n<p>The European common currency was 0.32% higher at $1.00295, buoyed by the rate bets and extending the previous day\u2019s rally, albeit from near 20-year lows. <\/p>\n<p>\u201cIt\u2019s about the ECB being priced far more aggressively over the past few sessions, as well as a little bit of pressure coming off the natural gas prices,\u201d said John Hardy head of FX strategy at Saxo Bank. <\/p>\n<p>\u201cIt\u2019s also noticeable we\u2019ve seen a bit of magnetism around this parity level for euro\/dollar, so many times these big round levels can become major sticking points.<\/p>\n<p>The chances of a 75 basis point move have been rising after a parade of ECB speakers at the Fed\u2019s annual symposium in Jackson Hole backed the case for a big hike. <\/p>\n<p>German CPI data due later in the day will help provide an indication of how aggressively the ECB will need to move to curtail inflation. Preliminary data released earlier showed Spanish national consumer prices rose 10.4% in August from a year earlier, down from 10.8% the previous month. <\/p>\n<p>Also on traders\u2019 radars are several ECB speakers due to make public remarks later on Tuesday, which could guide markets towards or away from such a large increase, as well as gas prices, which are lower than they have been as European countries\u2019 storage facilities fill up.  <\/p>\n<p>The dollar was also down against other majors, losing 0.27% against the Japanese yen while sterling gained 0.32% to $1.1743. <\/p>\n<p>The Australian dollar, often seen as a proxy for risk sentiment, rallied 0.5%, alongside gains in shares. <\/p>\n<p>The dollar index \u2013 which measures the greenback against a basket of six currencies, with the euro the most heavily weighted \u2013 stood at 108.46, after dropping back from 109.48 overnight, a high not seen since September 2002.<\/p>\n<p>An aggressive programme of rate hikes from the Federal Reserve has been supporting the dollar, and U.S. jobs figures due on Friday will be closely watched for further clues to the interest rate outlook.<\/p>\n<p>Bitcoin was also on the front foot in line with markets\u2019 positive attitude to riskier assets, trading at $20,400 up from a six-week low of $19,526 hit over the weekend. <\/p>\n<p> (Editing by Jacqueline Wong and Bradley Perrett)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2742865\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI7T01M-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI7T01M-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Kevin Buckland and Alun John TOKYO\/HONG KONG (Reuters) \u2013 The euro climbed past parity against a softening dollar on Tuesday, ahead of German inflation that will help indicate the<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1626873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1626873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1626873"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1626873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1626873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1626873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1626873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}