Sources: Decision to end ECB reinvestments take back seat to rate hikes
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The European Central Bank (ECB) could soon start talks on ending reinvestments of cash maturing in its 3.3 trillion euro ($3.3 trillion) Asset Purchase Programme (APP), but a decision is not urgent and is unlikely to be taken next month, sources close to the discussion said to Reuters on Thursday.
EUR/USD remains sidelines, recently retreating towards 0.9950, as traders await Fed Chair Powell’s key speech at the Jackson hole Symposium.
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