Euro stands out as hawkish rate hike looms

The euro rose above the dollar. still at $1 overnight. 100 in the early days of the Asia Conference. Trade was cut by holidays in Australia and New Zealand, as well as in Japan on Friday and ahead of U.S. and European Central Bank meetings next week. European Central Bank (ECB ) board member Isabel Schnabel told Politico that a 00 bp hike is not out of the question, it will depend on the data – esp It is the inflation data released two days before the May meeting. French ECB policymaker Francois Villeroy de Galhau appeared to have a different view, calling for further restrictions in an interview with Le Figaro The number and size of rate hikes, but the market is focused on the fact that more hikes are expected.