The EUR/USD pair trades on a stronger note around 1.0665 during the early Asian session on Monday.
EUR/USD rebounds to 1.0665 amid the modest decline of the US Dollar. Several ECB policymakers favor high-interest rates for longer. Fed's Goolsbee said inflation progress had stalled and the Fed’s current restrictive policy is appropriate. However, the pair’s upside might be limited due to the commentary from Federal Reserve officials suggesting a shift to an increasingly hawkish stance.
However, ECB Governing Council member Madis Muller said that the central bank mustn’t rush into further interest rate cuts after a likely first step in June. Additionally, ECB policymaker Robert Holzmann, one of themost hawkishmembers, flagged geopolitical tensions as thebiggest threatto interest rate cuts this year.
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