The EUR/USD pair remains under selling pressure and trades in negative territory for the fourth straight day during the early European session on Frid
European Central Bank policymaker said inflation over 2% is costly to the economy and the ECB aims to manage it.Market players await the Purchasing Manager Index data from the Eurozone and the US.pair remains under selling pressure and trades in negative territory for the fourth straight day during the early European session on Friday. The major pair currently trades near 1.0653, losing 0.06% on the day.
ECB is expected to end its hiking cycle and will stay on hold until at least July next year, according to economists in a Reuters poll. It's worth recalling that the ECB raised its key interest rate to a record high of 4% on September 14. This, in turn, might drag the Euro lower against the Greenback.decided to hold interest rates unchanged at the 5.25-5.50% range on Wednesday’s meeting, as widely anticipated in the market.
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