The euro edges lower against the dollar and eurozone bond yields ease as investors anticipate further interest-rate cuts by the European Central Bank, including at this week’s meeting, Bas Kooijman, CEO and asset manager of DHF Capital S.A, says in a note. “With inflation in the eurozone now under control below the 2% target, coupled with Germany’s sluggish economy it reinforced expectations of further [monetary] stimulus,” he says. French political uncertainty and worsening public finances are also weighing on the euro, he says. Conversely, the dollar remains strong due to relatively high U.S. inflation and a resilient labor market, he says. The euro falls 0.2% to $1.0915; the 10-year Bund yield falls 0.7 basis points to 2.271%, according to Tradeweb.
Sources: Microsoft Start
