{"id":248357,"date":"2024-02-16T10:55:42","date_gmt":"2024-02-16T05:25:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=248357"},"modified":"2024-02-16T10:55:42","modified_gmt":"2024-02-16T05:25:42","slug":"several-reasons-why-we-should-not-wait-too-long-before-first-rate-cut-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/several-reasons-why-we-should-not-wait-too-long-before-first-rate-cut-crypto-news\/","title":{"rendered":"Several reasons why we should not wait too long before first rate cut – Crypto News"},"content":{"rendered":"

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European Central Bank<\/a>\u00a0(ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said on Friday\u00a0that there are \u201cseveral reasons as to why we should not wait too long before first rate cut.\u201d<\/p>\n

Additional quotes<\/h2>\n
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There is still the question of the exact timing for the rate cut.<\/p>\n

The principle of a rate cut this year seems to be a given.<\/p>\n

We have significant margin to maneuver on rate cuts without necessarily having to return to accommodative monetary policy.<\/p>\n<\/blockquote>\n

Market reaction<\/h2>\n

EUR\/USD<\/strong><\/a>\u00a0is flirting with intraday lows near 1.0760 on the above comments, down 0.09% on the day.<\/p>\n

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Euro price today<\/h2>\n

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nUSD<\/strong><\/td>\nEUR<\/strong><\/td>\nGBP<\/strong><\/td>\nCAD<\/strong><\/td>\nAUD<\/strong><\/td>\nJPY<\/strong><\/td>\nNZD<\/strong><\/td>\nCHF<\/strong><\/td>\n<\/tr>\n
USD<\/strong><\/td>\n\u00a0<\/td>\n0.12%<\/td>\n0.11%<\/td>\n0.12%<\/td>\n0.11%<\/td>\n0.20%<\/td>\n0.18%<\/td>\n0.14%<\/td>\n<\/tr>\n
EUR<\/strong><\/td>\n-0.12%<\/td>\n\u00a0<\/td>\n-0.02%<\/td>\n0.00%<\/td>\n-0.01%<\/td>\n0.09%<\/td>\n0.07%<\/td>\n0.02%<\/td>\n<\/tr>\n
GBP<\/strong><\/td>\n-0.12%<\/td>\n0.00%<\/td>\n\u00a0<\/td>\n0.01%<\/td>\n-0.01%<\/td>\n0.09%<\/td>\n0.07%<\/td>\n0.02%<\/td>\n<\/tr>\n
CAD<\/strong><\/td>\n-0.12%<\/td>\n-0.01%<\/td>\n-0.01%<\/td>\n\u00a0<\/td>\n0.00%<\/td>\n0.08%<\/td>\n0.06%<\/td>\n0.02%<\/td>\n<\/tr>\n
AUD<\/strong><\/td>\n-0.11%<\/td>\n0.03%<\/td>\n0.02%<\/td>\n0.02%<\/td>\n\u00a0<\/td>\n0.11%<\/td>\n0.09%<\/td>\n0.04%<\/td>\n<\/tr>\n
JPY<\/strong><\/td>\n-0.21%<\/td>\n-0.08%<\/td>\n-0.09%<\/td>\n-0.10%<\/td>\n-0.12%<\/td>\n\u00a0<\/td>\n-0.01%<\/td>\n-0.06%<\/td>\n<\/tr>\n
NZD<\/strong><\/td>\n-0.19%<\/td>\n-0.06%<\/td>\n-0.07%<\/td>\n-0.05%<\/td>\n-0.07%<\/td>\n0.02%<\/td>\n\u00a0<\/td>\n-0.05%<\/td>\n<\/tr>\n
CHF<\/strong><\/td>\n-0.15%<\/td>\n-0.01%<\/td>\n-0.02%<\/td>\n-0.01%<\/td>\n-0.02%<\/td>\n0.07%<\/td>\n0.05%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)\/JPY (quote).<\/p>\n

\u00a0<\/p>\n<\/div>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: European Central Bank\u00a0(ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said on Friday\u00a0that there are \u201cseveral reasons as to why we should not wait too long before first rate cut.\u201d Additional quotes There is still the question of the exact timing for the rate cut. The principle of a […]<\/p>\n","protected":false},"author":2,"featured_media":142054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,386,251,246,257,825,433,255,684,250,252,247,253,249,256,254],"class_list":["post-248357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=248357"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248357\/revisions"}],"predecessor-version":[{"id":248359,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248357\/revisions\/248359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/142054"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=248357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=248357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=248357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}