The European Central Bank (ECB) is also about to announce its interest rate decision, with a general expectation of a 25-basis-point rate cut. However, since some ECB Governing Council members have previously expressed concerns about Trump’s tariffs, there are traders betting that the ECB might take a precautionary step with a 50-basis-point rate cut. During the day, the euro could be considered for a follow-up bullish strategy against the relatively weaker yen.

ECB Rate Decision Looms: Markets Eye 25bp Cut, Speculation of 50bp Action Grows

Dec 12 2024