INTERNATIONAL HIGHLIGHTS
Key rate: ECB reduces its deposit facility rate to 2.75%
The EUR/USD pair depreciated by -1.29% this week to 1.0362. The Dollar strengthened, benefiting from its safe haven status following Trump’s decision to increase import tariffs to 25% for Mexico and Canada and to 10% for China.
During this week, the FOMC decided to keep the Fed Funds rates in the range [4.25%-4.50%] in a context of uncertainty related to the new tariff measures. The ECB, for its part, decided to reduce its deposit facility rate by -25 BPS to 2.75%, specifying that the disinflation process is well underway in the Eurozone.
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