ECB's Nagel: New forms of money could weaken rate policy transmission | Crypto Craft

  • ECB's Nagel: New forms of money could weaken rate policy transmission

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ZforexCM
5 hr ago
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The euro's retreat from $1.16 shows how quickly the dollar regained the upper hand after the Fed's hawkish tone pushed the dollar index sharply higher. While the U.S.–Iran deal and the reopening of the Strait of Hormuz have eased energy concerns, markets are still waiting for Friday's formal signing and clarity on unresolved nuclear issues.

Falling oil prices have reduced inflation fears and trimmed expectations for further ECB tightening. That makes the Fed-ECB policy gap a bit more favorable for the dollar. Meanwhile, Nagel's warning about new forms of money highlights the ECB's broader concerns about maintaining effective monetary policy, even as officials remain optimistic that the diplomatic breakthrough will eventually bring down energy costs.

The first resistance is positioned at 1.1560 while the support starts from 1.1500.

R1: 1.1560S1: 1.1500
R2: 1.1620S2: 1.1450
R3: 1.1700S3: 1.1400
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Trader#64CB
6 hr ago
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Gold and silver are money. USD and other currencies (central banks notes) are credit.
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