ECB Caution is advised due to the price movement
According to Reuters, European Central Bank (ECB) Vice President Luis de Guindos stated on Monday. That the macroeconomic climate is fraught with “enormous uncertainty,” particularly in light of the recent Israel-Gaza war.
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De Guindos predicted that inflation will continue to fall in the following months. But cautioned caution, citing the “evolution of oil prices, the depreciation of the euro, and the evolution of unit labor costs.”
The market’s reaction on De Guindos Statement.
The EURUSD pair is on the back foot, dropping 0.5% on a daily basis at 1.0535.
https://voiceoftraders.com/analysis/us-dollar-is-flat-ahead-of-us-employment-data
