Schnabel:With current monetary policy stance, we expect inflation return to target by 2025 ...Middle East

ECB session are both speaking and says:With our current monetary policy stance, we expect inflation to return to our target by 2025The disinflation process during the last mile will be more uncertain, slower and bumpier.We cannot close the door to further rate hike'sThe EURUSD is trading above the swing area between 1.0608 and 1.0616. Staying above that area keeps the buyers in play/and more control in the short term. On the topside getting above 1.0631 – 1.0639 increases the bullish bias. This article was written by Greg Michalowski at www.forexlive.com.

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