May 05, 2022 - 12:26 PM 239 views
Before analyzing the Q2 data, it would be improper to react to the
rates said by the European Central Bank (ECB) executive board member, Fabio
Panetta, while commenting on the potential July rate increases.
Furthermore, he added that the European Central Bank (ECB) would
end the nullifying rates cycle after concluding when to end QE in Q3. In
addition to this, he further mentioned that the ECB needs to strengthen its
European cooperation while fighting inflation at the same time.
Still delayed by its Fed-inspired recovery rally, the EUR/USD
currency pair holds above 1.0600. Currently, the EUR/USD pair is trading at
1.0614, uninterrupted by the above comments, and it is down by 0.05% in a day.