Yahoo Finance

Heard on the Street: ECB Ushers In Era of 'Less High for Longer'

The European Central Bank said today it will lower its benchmark rate by a quarter of a percentage point to 3.75%. On the surface, this is a landmark ECB decision. It is the first time it is easing policy after a tightening cycle without an economic crisis.

ECB Cuts Interest Rates; Stocks Pare Gains and Euro Rises Amid Ongoing Inflation Worries

European stocks pared gains and the euro strengthened after the European Central Bank cut interest rates for the first time since 2019, but signaled it was still concerned about inflation. The ECB cut its deposit rate by a quarter-percentage point to 3.75%. The ECB said that wage growth remained elevated and that inflation was likely to stay above its 2% target “well into next year.”

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  ECB Cuts Rates Despite Inflation Concern. What It Means for the Fed and Stocks.

  Barrons.com
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  Euro Rises After ECB Cuts Rates, Stresses Future Decisions Will Depend on Data

  The Wall Street Journal

AUD/USD Forecast – Aussie Continues to Look Lost

The AUD/USD is essentially where money comes to die at the moment, as we continue to see a real lack of drive in either direction. However, once we get a move, it could be a big sign of where the USD goes overall.