European Central Banks publishes minutes📋EURUSD gains slightly

European Central Bank: key comments from the published minutes of the latest ECB meeting

The minutes indicated that policymakers should remain fully open to different monetary policy scenarios.
It was noted that some members believe the rate-cutting cycle has come to an end.
The ECB also highlighted that its projections have much lower informational value over longer horizons, which limits the impact of monetary policy in those periods.
The assessment of the inflation outlook remained broadly unchanged.
The overall economic picture continues to be marked by high uncertainty.
Most members judged that the risks surrounding the inflation outlook are two-sided.
It was also emphasized that staying open-minded about various scenarios remains important.

EURUSD (M5 timeframe)

The euro is rising following comments suggesting a pause in the eurozone rate-cutting cycle. The Bank signals that inflation risks are still present. EURUSD is moving toward 1.159, recovering losses after recent declines.

Source: xStation5

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