ECB officials see the possibility of rate hikes at the April meeting, June more likely

The ECB sources reports are starting to cross and this one is hawkish:

• Discussion over possible rate hikes may need to start in April, unless there is a quick resolution in the Middle East conflict
• April likely too early for a hike, June more likely
• Governors consider baseline projections already outdated

EUR/USD challenged the highs of the day on this report.