ECB’s Schnabel: Premature policy tightening a bigger mistake than waiting 0 (0)

Further remarks by Schnabel
Nothing we haven’t heard before but let’s see on the inflation path. The ECB anticipates that inflation in the region is to peak around November but amid supply bottlenecks and capacity constraints, high cost pressures will continue for many more months surely.

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CAD/JPY on the brink as risk-off sentiment continues to dominate 0 (0)

CAD/JPY contests key daily support at 85.42
We’re back here once again for CAD/JPY after the warning from earlier today .
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With oil pressured down by 2% to $70.50 and 10-year Treasury yields marked down by 4 bps to 1.33%, the pressure is on as sellers look to make the most of the situation and go in

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