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Apr 02 - 01:55 PM

EUR/USD - ECB Policymaker Believe US Tariffs Won't Halt Inflation Decline

By Christopher Romano  —  Apr 02 - 12:50 PM

(Corrects typo in headline)

• EUR/USD rallied to a 9-session high of 1.08738 on EBS into Europe's close

• Sellers emerged however, pair neared 1.0845 after ECB rhetoric hit the wires

• Policymaker Villeroy said tariff hikes shouldn't derail decline in inflation

• Villeroy added that the fall boosted the case for a fresh rate cut

• EUR/USD slid towards the 21-DMA but still traded up +0.53% in NY's afternoon

• Risings RSIs, hold above the 200-DMA give technicals a bullish lean

• President Trump to announce tariffs after markets close at 4:00pm EDT
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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