In the Asian session on Tuesday (December 21), the EUR/USD rose to 1.0625, an increase of 0.04%. De Guindos said at a breakfast meeting organized by the New Economic Forum that day that interest rate hikes are “far from over” and that the European Central Bank will continue to raise interest rates at a rate “similar” to last week’s 50 basis point hike.
The latest from the European Central Bank:
He said the ECB would stop raising rates only after it believed it could achieve its goal of stabilizing inflation. “In an environment of slowing growth and deteriorating inflation expectations, our monetary policy is reasonable.” European Central Bank Vice President Luis de Guindos said in the Spanish capital Madrid on the 19th that the European Central Bank will continue to raise interest rates to stabilize inflation . The European Central Bank announced on the 15th that it would raise the three key interest rates in the euro zone by 50 basis points, promised to continue to raise interest rates sharply, and announced a quantitative tightening plan at the same time. Since July this year, the European Central Bank has sharply raised interest rates four times in a row to curb inflation, raising interest rates by 250 basis points in total.
EUR/USD technical analysis:
EUR to USD fell on Tuesday and was supported above 1.0575, and its rise was blocked below 1.0660, which means that Europe and the United States may maintain an upward trend after a short-term decline. If Europe and the United States fall below 1.0580 today to be supported, the target of the market outlook will point to 1.0665–1.0700.
