European Central Bank policymaker Martins Kazaks said on Tuesday that the bank should not rule out a 50 bps rate hike, and that he sees possible rate hikes in July, September and potentially one more in Q4, reported Reuters.
His remarks come after fellow ECB policymaker Robert Holzmann called for a 50 bps move in July,, ECB's Francois Villeroy de Galhau said a 50 bps rate hike isn't yet consensus at the bank and ECB President Christine Lagarde reiterated that the bank will take rates out of negative territory in Q3.
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EUR/USD rises toward 1.0800 as USD weakens
EUR/USD has gained traction and advanced toward 1.0800 in the early American session on Monday. The positive opening witnessed in Wall Street makes it difficult for the US Dollar to find demand and helps the pair continue to push higher.
GBP/USD closes in on 1.2300 as mood improves
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Bitcoin has been noting increasing institutional interest for the last few days as whale movement on the network grew.
US Consumer Confidence Preview: No good news for Americans Premium
The United States will publish the March Conference Board Consumer Confidence index, and market players anticipate it has contracted to 101 from 102.9 in February.