ECB may still have room to raise interest rates

In the Asian session on Monday (April 3), EUR/USD fell, temporarily reporting 1.0810, a drop of 0.24%. European Central Bank Governing Council member Muller said that there may still be room to raise interest rates. Separately, European regulators have begun to focus on Deutsche Bank’s credit-default swap deal.

Schnabel, executive member of the European Central Bank, said that although the U.S. and Swiss banks suffered thunderstorms one after another and suffered a run on deposit customers, they did not see a significant outflow of euro zone bank deposits. This round of banking crisis may have a disinflationary impact, the magnitude of which is not yet clear.