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
BREAKING: American consumer still strong. Dollar looks strong after retail sales
Chart of the Day: A New Era at the Fed and the Hawkish Shadow of the ECB. EURUSD at a Turning Point
What does the Bank of Japan's rate hike mean for the yen?
AUDUSD falls after RBA decision despite maintaining a hawkish stance ⚔️