In the Asian session on Tuesday (May 30), EUR/USD rose slightly, temporarily reporting 1.0715, an increase of 0.09%. ECB Governing Council Hernandez de Coss said that the tightening cycle is drawing to a close, but there is still a long way to go.
The latest from the European Central Bank:
European Central Bank policymaker Pierre Wensch said, “We raised rates by 400 basis points, we may have to do more.” European yields edged lower. European bond yields closed down collectively. The French 10-year government bond yield fell 10.8 basis points to 2.999%, the German 10-year government bond yield fell 10.5 basis points to 2.430%, and the Italian 10-year government bond yield fell 10.2 basis points to 2.430%. 4.274%, the Spanish 10-year bond yield fell 9.9 basis points to 3.488%.
