OctaFX | OctaFX Forex Broker
Open trading account

Dutch parliament formally opposes 'tiered' ECB rates

Ahead of tomorrow's highly-anticipated European Central Bank (ECB) governing council meeting, Dutch parliament on Wednesday sent a formal letter to ECB President Mario Draghi to voice its opposition to the potential use of 'tiered' rates. 

"The letter included a translation into English of a motion passed by Dutch parliament that says offering banks "tiered", or preferentially high, interest rates on deposits held at the ECB would be unfair to pension funds that are currently forced to invest at negative rates," Reuters reported.

The EUR/USD pair largely ignored this headline and looks to end the day in the negative territory near the 1.10 handle.

Fed to cut two more times during 2019 – Wells Fargo

Analysts at Wells Fargo, forecast two 25 bps interest rate cuts from the Federal Reserve, one next week and one during the fourth quarter. Key Quotes:
Read more Previous

WTI has dropped heavily on bearish fundamental combo

WTI has dropped heavily, down -3.41% at the time of writing. WTI has travelled from a high of $58.27 to a low of $55.63 on the day so far. Indeed, oil
Read more Next
Start livechat