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Yet more ECB officials site rate cut potential for June keeping pressure on the EUR/USD
A couple more leading European Central Bank (ECB) officials have just now added their voice to the potential for the bank to cut rates in June. Both Rehn and kazmir have just now stated that a June rate cut is a live prospect and those comments have merely added to the prospect of the ECB out-cutting the Fed and almost certainly the most likely to move first in that direction, as things currently stand. These comments, whilst not immediately impacting the Euro much, will continue to keep pressure on the currency versus the US dollar. The EUR/USD is currently trading at 1.0657
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EUR/USD falls back towards 1.12
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