On Tuesday, ECB Governing Council member
Madis Muller said that “we’re closer to a point where the ECB can start cutting
rates.
He added that “data may confirm the inflation trend for the ECB’s June
meeting. Moreover, Fabio Panetta said that inflation was quickly falling to
target and therefore there was a "consensus emerging" for a rate cut.
For this reason, the
value of Euro continues to decline against US dollar.
