EUR/USD Update – Creeping Higher on Hawkish ECB Comments
Apr 20, 2022 4:18 PM +05:00
ECB governing council member Martins Kazaks stayed that an interest rate hike is probable in July and that the central bank’s ‘gradual approach doesn’t mean a sluggish response’. The Latvian central bank governor added that the ECB does not need to wait to see stronger wage growth and that ‘zero is not a cap for the deposit rate facility’. This hawkish twist, after last week’s mildly dovish ECB meeting, has given the Euro a boost across a range of currencies, albeit from lowly levels.
