European Central Bank (ECB) policymaker Fabio Panetta said on Monday, “the fight against inflation cannot be considered over.”
"Must carefully monitor all factors that could hinder return to 2% target."
"Weak euro area economy and geopolitical tensions contributing to containing inflation."
"But increased uncertainty, especially contradictory US policy announcements, calls for caution on rates."
At the press time, EUR/USD is trading modestly flat at around 1.0825.