FXStreetEuropean Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel warned on Monday that “we must be cautious about future rate moves.”
Rates are on a mountain ridge, not a peak.
We still have to find the right point for a further descent.
Uncertainty about future economic and price trend remains high.
EUR/USD is paying little heed to these comments, losing 0.56% on the day to trade near 1.0740, as of writing.
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