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ECB’s de Guindos: It is very important to avoid a trade war

European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “it is very important to avoid a trade war.”

Additional quotes

We need a prudent and intelligent approach regarding latest tariffs announcement.

Need to keep a clear head

Our analysis on tariffs is that it leads to impact on supply.

The impact on inflation is less clear.

Have to take into account all factors on monetary policy.

Market reaction

These comments fail to move a needle around the Euro, with EUR/USD down 0.08% on the day to trade near 1.0320.

USD/CAD Price Forecast: Tests 1.4350 resistance near nine-day EMA

The USD/CAD pair ends its four-day losing streak, trading around 1.4350 during Monday's European session.
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AUD/JPY advances to near 95.50 as Japanese Yen faces Trump’s tariff threats

The AUD/JPY cross halts its three-day losing streak, trading around 95.50 during European hours on Monday.
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