Foreign Media: Dollar Continues Trend Ahead of Central Bank Meeting

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[Global Times Finance and Economics Report] According to Reuters, on March 18, ahead of a series of key central bank decisions, market risk appetite slightly rebounded, and the US dollar remained under pressure. The euro stabilized after rising for two consecutive days ahead of the European Central Bank’s meeting later in the day.

“Volatility has eased mainly due to relatively moderate overnight energy market price movements; however, risks have not diminished at all,” said Kyle Rodda, senior analyst at Capital.com.

The report mentioned that the Federal Reserve is about to announce its policy decision, while the European Central Bank, Bank of England, and Bank of Japan will also announce their decisions the following day. Markets expect all of them to keep interest rates unchanged, although traders will focus on comments regarding inflation and economic outlook. Expectations for the Fed to ease monetary policy have also declined, with markets currently expecting a 25 basis point rate cut this year. Traders anticipate that the European Central Bank will raise interest rates twice by 2026. (Wen Hui)

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