EURUSD Price Edging Higher, ECB Leaves Monetary Settings Unchanged

EUR price and ECB: news and analysis:

欧元价格和欧洲央行：新闻和分析：

• The EURUSD price continues to climb gently, extending the move upwards that began a week ago.

  欧元兑美元价格继续小幅攀升一周前开始向上延伸。

• As predicted, there was no news to drive it from the latest meeting of the European Central Bank, which provided no new clues on the future of Eurozone monetary policy.

  正如预测的那样，没有消息可以从欧洲中央银行的最新会议中推动

ECB: no change in monetary policy

欧洲央行：货币政策没有变化

The European Central Bank provided no new information today that might drive the EURUSD price in the statement following its as-expected decision to leave all its key interest rates unchanged. However, it is still possible that ECB President Mario Draghi could say something market-moving in his upcoming press conference.

欧洲中央银行今天没有提供任何可能推动欧元兑美元价格的新信息，因为其预期的决定将维持其所有主要利率不变。然而，欧洲央行行长马里奥·德拉吉仍有可能在即将举行的新闻发布会上说出市场动向。

Attention will focus on any more news about its proposed new series of quarterly targeted long-term refinancing operations (TLTRO-III), due to start in September and end in March 2021, each with a maturity of two years and designed “to preserve favorable bank lending conditions and the smooth transmission of monetary policy”.

注意力将集中于有关其拟议的季度新系列的更多新闻有针对性的长期再融资操作（TLTRO-III），将于9月开始并于2021年3月结束，每个期限为两年，旨在“保持有利的银行贷款条件和货币政策的顺利传递”。

Euro traders should also watch out for any indication of a tiered deposit rate system, similar to those in Japan and Switzerland, although that is unlikely for now, and for any downgrades of its economic forecasts. The International Monetary Fund lowered its growth forecasts sharply for the Eurozone Tuesday as Germany stagnates while Italy hits the buffers.

欧洲交易者也应该留意任何有关分层存款利率制度的迹象，类似于日本和瑞士的情况，尽管现在不太可能，以及任何降级的经济预测。国际货币基金组织周二下调了对欧元区的增长预测，因为德国停滞不前而意大利陷入缓冲期。

Economic growth in the Eurozone could grow by just 1.3% this year after a 1.8% expansion in 2018, the IMF said. Further downside risks could stem from the current trade dispute between the US and the EU that could lead to US tariffs on $11 billion worth of EU imports.

欧元区经济增长今年仅增长1.3％国际货币基金组织称，2018年增长1.8％。进一步的下行风险可能源于美国和欧盟之间目前的贸易争端，这可能导致美国对110亿美元的欧盟进口产品征收关税。

As for the Euro, EURUSD has been climbing modestly over the past week and could extend its advance unless Draghi hints at easier monetary policy ahead in his news conference that starts at 1230 GMT. Currently, the ECB is expecting rates to be left unchanged at least through the end of this year.

至于欧元，欧元兑美元有在过去的一周里，除非德拉吉在格林威治标准时间1230开始的新闻发布会上暗示将采取更为宽松的货币政策，否则可能会在过去一周小幅攀升。目前，欧洲央行预计利率至少保持不变今年年底。

EURUSD Price Chart, 30-Minute Timeframe (April 4-10, 2019)

EURUSD价格走势图，30分钟时间表（2019年4月4日至10日）

Chart by IG (You can click on it for a larger image)

IG图表（您可以点击它查看大图）