Hawkish comments from the ECB do not support EURUSD

Today, three members of the ECB presented their views regarding the bank's future policy. Kazimir pointed out that further hikes are needed, suggesting that at least two 50 bp hikes are ahead of us at the next two meetings. Kazimir also pointed out that the economy is in a better condition than two months ago and there are no reasons to slow down rate hikes.

Stournaras, in turn, pointed out that hikes should be more gradual and further hikes are needed.

Vujcic, in turn, said that nothing has changed with regard to December's guidelines regarding 50 basis points hike, while in his opinion the risk of recession in the euro zone has significantly decreased due to lower gas prices.

The head of the EC, Dombrovskis expects the ECB to continue raising interest rates.

Euro is quite strong on Monday, but not against the dollar. Yields are rising in Europe, but at a slower rate compared to yields in the United States, which is benefiting the greenback. EURUSD returned to the recent consolidation zone. Source: xStation5

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