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ECB’s Escrivá: Logical to have further rate cuts in upcoming meetings

European Central Bank (ECB) policymaker and Bank of Spain Governor José Luis Escrivá said on Friday that “it is logical to have further rate cuts in upcoming meetings.”

He added that “rate cuts are to continue should baseline projections hold.”

 

NZD/USD slides to two-year low, closer to mid-0.5700s amid divergent RBNZ-Fed expectations

The NZD/USD pair prolongs its weekly downtrend for the fourth consecutive day and drops to the 0.5755 area, or a fresh low since November 2022 during the first half of the European session on Friday.
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USD/CAD trades close fresh four-year high near 1.4250 amid firm US Dollar

The USD/CAD pair holds gains near a fresh more than four-year high at 1.4245 in Friday’s European session.
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