ECB’S Nagel: ECB keeps an eye on strong price increase in services

European Central Bank (ECB) governor and Deutsche Bundesbank President Joachim Nagel spoke at the at the Frankfurter Impulse event, in Frankfurt on Monday. He claimed that although food inflation remains stubborn, the current level of the euro at $1.16 is not a cause for concern
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AUD/USD consolidates as China-Japan tensions, soft USD shape market

AUD/USD trades around 0.6460 on Monday at the time of writing, virtually unchanged on the day as the pair consolidates near last week’s three-month lows. The Australian Dollar (AUD) holds steady but struggles to attract fresh buying interest amid a cautious market backdrop.
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