ECB sources: Policymakers see July hike as still possible

• ECB sources see July hike as is still possible after the Thursday's meeting
• Members of the policy board backed Thursday's decision unanimously, differed on risks
• Some members differed on some of the risks, such as that longer-term inflation expectations veer off the ECB's 2% target

The ECB kept rates unchanged and Lagarde did not give any more specific as far as the end of APP other than that it would likely end sometime in the third quarter (that was unchanged from her previous assessments). The launch in rates would occur after APP ends and be dependent upon the economy.

The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term has moved higher on the headlines, and has approached the swing lows from yesterday near 1.0808 along with the swing low going back to March 7 at 1.0805.

As I type, the price is extending above those levels to 1.0813 threatening the break to the downside that saw the pair to new lows April 24, 2020.