ECB struggles to predict rate outcome

In the Asian session on Thursday (April 20), EUR/USD hit a low low, temporarily reporting 1.0959, an increase of 0.06%. European Central Bank executive board member Schnabel said on Wednesday that heightened uncertainty made it difficult to predict the outcome the next time officials set interest rates.

“I can’t tell you what decisions we’re going to make at the next meeting, especially at the next meeting,” Schnabel said. It’s important that we watch all the economic data that we’re going to get. It’s important to see whether the uncertainty in the banking sector has an additional impact on lending.”