ECB´s Centeno: ECB should slow or pause rate hikes

Bloomberg has put out an article that states a quarter-point increase in interest rates is the most the European Central Bank has to deliver at its next meeting, Governing Council member Mario Centeno said, playing down concerns over the strength of underlying inflation.

EUR/USD update

EUR/USD was down 0.48% to 1.0993 on Friday after earlier hitting 1.10755, its highest in around a year.