Previous close | 2.6600 |
Open | 2.8000 |
Bid | 2.5300 |
Ask | 2.5500 |
Strike | 370.00 |
Expiry date | 2024-01-19 |
Day's range | 2.5100 - 2.8500 |
Contract range | N/A |
Volume | |
Open interest | 26.09k |
Wall Street stocks struggled to advance on Monday, as the Federal Reserve's "higher for longer" interest rate strategy continued to pile on pressure as a US government shutdown loomed.
Pablo Hernandez de Cos, a member of the European Central Bank's (ECB) Governing Council, stated on Monday that keeping current borrowing costs stable could help Euro-area inflation align with the ECB's 2% target. This strategy is designed to strike a balance between avoiding insufficient tightening, which may obstruct reaching the inflation goal, and excessive tightening that could potentially harm economic activity and employment.
The U.S. federal government could face a shutdown on October 1, if politicians fail to reach a budget agreement. This impending situation could cause temporary economic damage due to reduced consumer confidence and interruptions in defense and healthcare spending. However, the impact is expected to be short-lived, as previous shutdowns have typically lasted only a few days and most employees have received back pay.