ECB Shouldn't Cut in Both June and July, Holzmann Tells Platow bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
ECB Governing Council member Pierre Wunsch expressed today that he is "very comfortable" with rate cut in June. He also anticipates that at least two rates cuts this year, "barring any bad news".
EUR/USD Forecast: Euro needs to clear 1.0750 to extend rebound fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Yen is currently trading as the strongest currency for the day as the markets enter into US session. The earlier dip below 160 psychological support against Dollar spurred a wave of buying, propelling Yen sharply higher. However, subsequent trading has not shown clear follow-through momentum, indicating that the initial surge may have been more of a reactive spike.
ECB's Wunsch Urges Caution on July Cut: Econostream bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.