{"id":108064,"date":"2021-01-27T21:23:56","date_gmt":"2021-01-27T21:23:56","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108064"},"modified":"2021-01-27T21:23:56","modified_gmt":"2021-01-27T21:23:56","slug":"105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise\/","title":{"rendered":"EUR\/USD slumps below 1.2100 as ECB rate cut rumours rise"},"content":{"rendered":"<ul>\n<li><strong>EUR\/USD plunged 50 pips below 1.21in Asia Pacific trade.<\/strong><\/li>\n<li><strong>Dovish ECB commentary &amp; USD strength in risk-off trade ahead of the FOMC meeting has weighed on the pair.<\/strong><\/li>\n<li><strong>Dovish ECB comments and upbeat demand for the US dollar in risk off trade ahead of Wednesday\u2019s FOMC meeting has weighed on EUR\/USD.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The pair dropped below 1.2100 and now trades -0.7% at 1.2075, after recovering from 1.2050.<\/span><\/p>\n<p><strong>Dovish ECB drives euro lower<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">ECB Governing Council Member Klaas Knot, typically a more hawkish policy maker made dovish remarks, hinting that the ECB could cut interest rates to prevent any further strengthening of the EUR.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, citing ECB sources Bloomberg reported that ECB officials believe that markets are underpricing the odds of an interest rate cut. The EUR has been under pressure as interest rate expectations are repriced.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Risk-off flows into the US dollar add to the pressure on EUR\/USD. Interestingly despite all the dovish ECB talk, EUR\/USD is actually not even the worst-performing USD major.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD plunged 50 pips below 1.21in Asia Pacific trade. Dovish ECB commentary &amp; USD strength in risk-off trade ahead of the FOMC meeting has weighed on the pair. Dovish ECB comments and upbeat demand for the US dollar in risk off trade ahead of Wednesday\u2019s FOMC meeting has weighed on EUR\/USD. The pair dropped below [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5545,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,2412,1398],"class_list":{"0":"post-108064","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-eur","10":"tag-eur-usd","11":"tag-usd"},"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 slumps below 1.2100 as ECB rate cut rumours rise - 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\/105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD slumps below 1.2100 as ECB rate cut rumours rise\",\"datePublished\":\"2021-01-27T21:23:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise\\\/\"},\"wordCount\":175,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100612-gbp-eur-uk-manufacturing-drag-gbp.jpg\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105314-eur-usd-slumps-below-1-2100-as-ecb-rate-cut-rumours-rise\\\/\",\"name\":\"EUR\\\/USD slumps below 1.2100 as ECB rate cut rumours rise - 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