Wednesday, 9 August 2023

Euro Outlook Improves on Bank Tax Clarity: EUR/USD, EUR/JPY, EUR/AUD

Euro assets are responding well this morning after Italian authorities clarified that yesterday’s windfall tax on banks will not amount to more than 0.1% of total bank assets

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...