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ECB’s Panetta: Not pre-committing to a defined course on monetary policy

European Central Bank (ECB) executive board member Fabio Panetta said on Friday, “the ECB is not pre-committing to a defined course on monetary policy.”

Further comments

ECB outlook faces substantial, difficult-to-quantify risks.

Risks include US tariffs, Israel-Iran conflict.

Macroeconomic risks arise from conflicting signals in US trade policy, recent Iran-Israel conflict.

Market reaction

Eurozone Harmonized Index of Consumer Prices (MoM) meets expectations (0%) in May

Eurozone Harmonized Index of Consumer Prices (MoM) meets expectations (0%) in May
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NZD/USD Price Forecast: Tests ascending channel’s lower boundary near 0.6000

NZD/USD is retracing its recent losses, trading around 0.6030 during the European hours on Wednesday. The technical analysis of the daily chart suggests the potential for weakening bullish bias, as the pair tests the lower boundary of the ascending channel pattern.
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