Investors should pay close attention to ECB President Lagarde’s remarks at the press conference following the ECB’s interest rate announcement.

Investors should pay close attention to ECB President Lagarde’s remarks at the press conference following the ECB’s interest rate announcement.

11.09.2025

In the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 106.548 to 106.197.The price has moved from above the 20-period moving average (MA) on the hourly chart to below it. On the 4-hour chart, the price has been weakening as it faces resistance at the 10-period MA, and on the daily chart, it has fallen for four consecutive days, with the price closing below the 200-period exponential moving average (EMA) support line. Furthermore, as downward price movement is also being observed during today’s Asian session, we should be on guard for further weakness in the Canadian dollar during the European session.

Ahead of today’s ECB policy rate announcement, the euro weakened against the U.S. dollar. The EUR/USD pair fell from 1.1730 to 1.1682. It traded within the range of the +3σ to -2σ Bollinger Bands on the hourly chart. On the 4-hour chart, the pair is gradually forming lower highs between the 20-day and 75-day moving averages, and on the daily chart, it has fallen for two consecutive days.The market is currently experiencing a pullback following last month’s new high. Attention will be focused on ECB President Lagarde’s remarks to see if the euro will weaken further following today’s ECB policy rate announcement.

Today’s schedule includes remarks by RBNZ Governor Hawksby at 8:15 a.m., Japan’s Q3 Business Sentiment Index (BSI) and Domestic Corporate Goods Price Index at 8:15 a.m., the TCMB policy rate and statement at 8:00 p.m., and at 9:15 p.m., theECB policy rate and statement, at 21:30: U.S. initial jobless claims and U.S. Consumer Price Index, at 21:45: ECB President Lagarde’s press conference, at 23:30: U.S. weekly natural gas inventories, at 02:00: U.S. 30-year Treasury auction, and at 03:00: U.S. budget balance.We should pay close attention to ECB President Lagarde’s remarks during the press conference following the ECB policy rate announcement.