What to Expect from Eurogroup Meeting?

The Eurogroup meetings are normally held in Brussels and attended by the Eurogroup President, Finance Ministers from Euro area.


Eurogroup Meetings – The Eurogroup meetings are normally held in Brussels and attended by the Eurogroup President, Finance Ministers from Euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank.
The aim of this meeting is to discuss a range of financial issues, such as Euro support mechanisms and government finances. Though the meetings are closed to the press, the officials usually talk with reporters throughout the day. The time of the meeting isn’t confirmed yet, however, it’s most likely to start during the European session.

Election of a new ECB Executive Board member

The Eurogroup will discuss the nomination for the upcoming vacancy at the ECB. Following the call for applications at the January Eurogroup meeting, the President of the Eurogroup received one candidature. Ireland put forward its Central Bank Governor Philip Lane to succeed Peter Praet, whose term of office expires on 31 May. We may not see any direct impact on the EUR/USD today.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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