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The ECB rate cut scenario
The ECB is willing to lower rates if growth weakens and / or a strong euro hurts the eurozone, according to two sources quoted by Reuters.
Two sources close to the ECB's political talks have announced a rate cut
was firmly at stake if the block economy was to stagnate again after
0.4% growth in the first quarter of the year, "the report says.
The ECB would not be happy if the euro rose as a result of the US-led trade war.
"I will give you five reasons for a rate cut," said the source before repeating the "exchange rate" five times.
The euro is not very strong at 1.1333, but if the United States and China bog down in a deeper battle, money will start to flow in US dollars and in euros.
ForexLive
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