Bundesbank head and European Central Bank (ECB) governing council member Joachim Nagel said on Friday that negative interest rates are a thing of the past, reported Reuters. In response to a question about whether the ECB might entertain a 50 bps rate hike in July, Nagel said that it is important to raise rates, with the rest to be discussed by the governing council. 

Separately, Bank of France governor and fellow ECB governing council member Francois Villeroy de Galhau said on Friday that the ECB's short-term priority is fighting and mastering inflation, reported Reuters. The ECB will deliver in its fight against inflation, he continued. 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

AUD/USD regains 0.6500 ahead of RBA’s decision

AUD/USD regains 0.6500 ahead of RBA’s decision

The AUD/USD pair trades around 0.6510, underpinned by the broad greenback’s weakness and substantial gains on Wall Street. Market players now await the Reserve Bank of Australia monetary policy decision.

AUD/USD News

EUR/USD holds on to gains above 0.9800

EUR/USD holds on to gains above 0.9800

The EUR/USD pair trades around 0.9820, marginally higher amid a better market mood. Tepid EU data put a cap on the shared currency alongside persistent tensions with Russia over energy deliveries.

EUR/USD News

Gold bulls aim to challenge the $1,700 threshold

Gold bulls aim to challenge the $1,700 threshold

Gold picked up momentum after Wall Street’s opening, and runs above $1,690.00 a troy ounce, trading at its highest in three weeks. The greenback sheds ground on the back of the better performance of equities, coupled with tepid US data.

Gold News

Cardano could be set for 12% gains just this week alone

Cardano could be set for 12% gains just this week alone

ADA could set itself up this week for a perfect opportunity to go long in a bear market. Markets may experience some risk-on this week, with markets potentially set to jump, and equities and a weaker dollar offering some room for cryptocurrencies to rally in.

Read more

Who sabotaged the Nordstream pipelines?

Who sabotaged the Nordstream pipelines?

Putin said it would be stupid for Russia to have done it. And he’s right. If nothing else, Gazprom would be in breach of contract, not that contracts are respected in Russia. On the principle of cui bono (who benefits), the saboteur could be someone pro-nuclear, or maybe a coal mining company, or a climate denier, or some 5th column pro-Russia gang from within W.

Read more

Forex MAJORS

Cryptocurrencies

Signatures