{"id":124965,"date":"2018-04-11T07:29:41","date_gmt":"2018-04-11T11:29:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=124965"},"modified":"2018-06-01T15:40:54","modified_gmt":"2018-06-01T15:40:54","slug":"eurusd-growth-slowed-down-around-the-135th-degree","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/eurusd-growth-slowed-down-around-the-135th-degree\/","title":{"rendered":"EURUSD: growth slowed down around the 135th degree"},"content":{"rendered":"
April 11, 2018<\/div>
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By Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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Previous:<\/strong><\/p>\n

On Tuesday the 10th<\/sup>\u00a0of April, trading on the euro closed up. There was a surge in market volatility as Nowotny, a member of the ECB\u2019s governing council, gave a speech. He said in an\u00a0interview<\/a>\u00a0that the ECB will end its bond-buying program this year and that the regulator could increase the deposit rate from -0.4% to -0.2% before making any changes to the key rate. The euro jumped in response to this to reach 1.2378.<\/p>\n

The ECB, however,\u00a0distanced itself<\/a>\u00a0from Nowotny\u2019s comments, with a spokesman saying that \u201cGovernor Nowotny\u2019s views are his own. They do not represent the view of the Governing Council\u201d. On this development, the euro retreated to 1.2325.<\/p>\n

The EURUSD pair closed the day at 1.2355 on the back of an increased appetite for risk as well as a largely weakened dollar. Comments from Chinese president Xi Jinping eased investor fears over US-Chinese trade relations.<\/p>\n

Xi struck a conciliatory tone as he sought not to throw fuel on the trade dispute fire. He said that import tariffs may be reduced and that he would open China\u2019s economy further to foreign investors.<\/p>\n

Day\u2019s news (GMT+3):<\/strong><\/p>\n