3:01 PM · 7 February 2023

Nagel's hawkish comments failed to support EUR

Hawkish comments from ECB's Nagel failed to support the euro, which is weakening against the broad-market amid US dollar strength. The banker mentioned that the ECB's work regarding future hikes is not over yet and currently rates did not reach a restrictive level. Lowering interest rates is not in the ECB's plan in the near term, Nagel added.

Source: xStation5

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