The ECB sources reports are starting to cross and this one is hawkish:

• Discussion over possible rate hikes may need to start in April, unless there is a quick resolution in the Middle East conflict
• April likely too early for a hike, June more likely
• Governors consider baseline projections already outdated

EUR/USD challenged the highs of the day on this report.

This article was written by Adam Button at investinglive.com.



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