{"id":106903,"date":"2020-11-27T09:33:48","date_gmt":"2020-11-27T09:33:48","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106903"},"modified":"2020-11-27T09:34:58","modified_gmt":"2020-11-27T09:34:58","slug":"104915-eur-usd-expected-to-weaken-on-dovish-ecb-case","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104915-eur-usd-expected-to-weaken-on-dovish-ecb-case\/","title":{"rendered":"EUR\/USD Expected To Weaken On Dovish ECB Case"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">Equities trading mixed on China boost and Pandemic worries.<\/span><\/li>\n<li><span style=\"font-weight: 400\">ECB minutes shift the market mood to euro negative.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Coronavirus spread declines after the lockdown, in a few countries.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Asia-Pacific markets gave a mixed picture as strong Chinese industrial data and the climbing pandemic numbers in the US and Europe pushed and pulled equities and currencies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Japan&#8217;s Nikkei 225 rose 0.40 Percent extending its 30-year highs; China&#8217;s CSI 300 rose 0.95 Percent; Australia&#8217;s ASX 200 fell 0.53 Percent as Beijing imposed a 105 Percent hike in anti-dumping duties on Australian wine.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Risk-on currencies like AUD, NZD and NOK generally outperformed even when safe-haven Japanese yen displayed strength.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chinese data and global growth prospects helped copper to post its highest level since 2014.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Market participants will eye Euro-zone consumer confidence and industrial sentiment in the otherwise light economic docket for the day ahead.<\/span><\/p>\n<h2><b>ECB Minutes Ups Chances Of Additional Stimulus<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Euro might struggle in the days ahead against its major competitors as the European Central Bank&#8217;s minutes of the November policy meeting outlined the consensus among the members regarding further monetary stimulus.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The members expressed the opinion that the sharper slowdown in growth momentum and weakening of inflation than earlier expected along with the deterioration of the balance-of-risks demands more action in the December meeting.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The dovish tone of the members is along expected lines as pandemic worries have forced many countries in the region to adopt strict lockdown measures.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Euro bulls have hope in the viral curve&#8217;s notable decline in France, Italy and Spain after the start of current restrictions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But, the stagnating economic recovery could spell more trouble for the common currency as the numbers show the steepest monthly contraction in business activity since May. Analysts expect Composite PMI to fall to 45.1 in November as service sectors are under pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The economic slowdown might induce the ECB to look beyond the Pandemic Emergency Purchase Program as its primary monetary policy tool.<\/span><\/p>\n<p><span style=\"font-weight: 400\">ECB Governing Council Member Klaas Knot&#8217;s latest comments that the bank doesn&#8217;t want to exclude any possibility going into December has triggered some speculations on a rate cut. ECB also agrees that additional asset purchase might not be as effective as in the earlier phase for stimulating economic activity.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Even though the signs of a rate cut are feeble than strong, it is better to be lightly positioned ahead of the December 10 policy meeting.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equities trading mixed on China boost and Pandemic worries. ECB minutes shift the market mood to euro negative. Coronavirus spread declines after the lockdown, in a few countries. Asia-Pacific markets gave a mixed picture as strong Chinese industrial data and the climbing pandemic numbers in the US and Europe pushed and pulled equities and currencies. [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5537,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1413,2412,1393],"class_list":{"0":"post-106903","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-ecb","10":"tag-eur-usd","11":"tag-euro"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD Expected To Weaken On Dovish ECB Case - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104915-eur-usd-expected-to-weaken-on-dovish-ecb-case\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104915-eur-usd-expected-to-weaken-on-dovish-ecb-case\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104915-eur-usd-expected-to-weaken-on-dovish-ecb-case\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"EUR\\\/USD Expected To Weaken On Dovish ECB Case\",\"datePublished\":\"2020-11-27T09:33:48+00:00\",\"dateModified\":\"2020-11-27T09:34:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104915-eur-usd-expected-to-weaken-on-dovish-ecb-case\\\/\"},\"wordCount\":396,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104915-eur-usd-expected-to-weaken-on-dovish-ecb-case\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100608-gbp-eur-will-dovish-ecb-lower-euro.jpg\",\"keywords\":[\"ecb\",\"eur\\\/usd\",\"euro\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104915-eur-usd-expected-to-weaken-on-dovish-ecb-case\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104915-eur-usd-expected-to-weaken-on-dovish-ecb-case\\\/\",\"name\":\"EUR\\\/USD Expected To Weaken On Dovish ECB Case - 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