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ECB’s Schnabel: Monetary policy cycle is coming to an end

European Central Bank (ECB) board member Isabel Schnabel said on Thursday, “monetary policy cycle is coming to an end.”

Additional comments

Growth outlook broadly stable despite trade conflict.

Medium-term inflation stabilizes at target.

Financing conditions are no longer restrictive.

Private consumption is supporting growth.

Defence and infrastructure spending counteract tariffs.

Energy prices and the Euro could change in either direction.

I expect only limited trade diversion from China to EU.

The Euro’s global role is strong, could strengthen further.

NZD/USD: Likely to trade in a sideways range of 0.6015/0.6055 – UOB Group

New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.6015/0.6055 against US Dollar (USD). In the longer run, upward momentum remains largely unchanged, but there is a chance for NZD to test 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
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