ECB President Christine Lagarde stated that rates will remain restrictive for as long as necessary.
Cautious market sentiment and higher US Treasury yields are contributing support for the potential of the US Dollar .continues to move on the downward path, trading lower around 1.0580 during the early trading hours of the Asian session on Tuesday. However, Lagarde has also highlighted that inflation is expected to remain "too high for too long." However, the ECB faces a challenging situation, as it must carefully navigate the delicate balance between addressing inflationary pressures and not harming an uneven domestic economy in the Eurozone.
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