Forex
ECB Rate Decision and US PPI Data to Fuel Volatility in Markets
The European Central Bank's (ECB) monetary policy announcements and July Producer Price Index (PPI) data from the United States are set to lift volatility in financial markets on Thursday.
The US Dollar stabilized in the American session on Wednesday after spending the first half of the day under modest bearish pressure, thanks in part to a $6 billion Treasury bond buyback operation announced by the US Treasury Department.
The 10-year US Treasury yield climbed to its highest level since November 2023, supporting the USD. The EUR/USD currency pair fluctuates in a narrow channel below 1.1650 in the early European session.