The ECB's Comment On Interest Rates Revived The EUR/USD Pair
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ECB's Herodotou: No forgone conclusion on final level of interest rate
The European Central Bank's (ECB) latest decision to hike the key rates does not mean there has been a forgone conclusion on the final level of interest rate, ECB policymaker Constantinos Herodotou said on Wednesday, as reported by Reuters.
Market reaction
EUR/USD preserves its recovery momentum following these comments. As of writing, the pair was trading at 1.0015, where it was up 0.5% on a daily basis. Meanwhile, the Euro Stoxx 600 Index is down 0.4% on the day, pointing to a cautious market mood.
