ECB’s de Cos reaffirms the case for a June rate cut 0 (0)

  • ECB should start cutting rates in June if inflation continues to slow as expected
  • But to follow data-dependent approach at each meeting considering that uncertainty is still high

Nothing new there from de Cos. This just reaffirms the current ECB outlook and the data today does not change that. EUR/USD is sitting marginally higher on the day at 1.0728 currently.

This article was written by Justin Low at www.forexlive.com.

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Japan did not intervene in FX market from 28 March through to 25 April 0 (0)

This via the latest release from the Japanese Ministry of Finance:

At the same time though, the BOJ accounts look to be suggesting that Japan spent roughly ¥5.55 trillion on intervention on Monday. We’ll have to see how that figure matches up when the MOF releases the data next month. That provided there is no more need for authorities to step in until the last week of May.

This article was written by Justin Low at www.forexlive.com.

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