ForexLive European FX news wrap: ECB tries to justify rate cut, gold dips on China ...Middle East

Headlines:Gold takes a dip on headline that China halts reserves buying after 18-month stretchWhy gold dropped on the headline about China halting reserves buying?ECB's Holzmann: I was the only one against a rate cutECB's Centeno: The message is one of confidence in the disinflation processECB's Villeroy: We will move at appropriate pace on rate cutsECB's Schnabel: We cannot pre-commit to a particular rate pathECB's Rehn: Inflation will continue to declineECB's de Guindos: Inflation is to be around 2% next yearECB's Nagel: The decision to cut rates was not prematureECB's Šimkus: It is possible that there will be more than one rate cut this yearECB's Nagel: Policy is not auto pilot when it co

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