Reuters source: ECB to discuss more negative scenario next week

  • Given the Trump tariff threat, ECB bias is shifting

According to Reuters sources:

  • ECB to discuss a more negative scenario next week then previously envisioned in June after latest Trump tariff threat
  • Still seen holding rates at July 24 meeting on eight threat alone.
  • Any ECB rate cut discussion remains pushed back to September.

The EURUSD has moved lower on the headline and dips back below the 1.3663 – 1.3691 swing area from the daily and hourly charts..

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