ECB’s de Guindos: We do not have any estimates of the terminal rate

European Central Bank (ECB) Vice President Luis de Guindos said on Friday that “we do not have any estimates of the terminal rate.”

On Thursday, Guindos said that “the euro area is now facing a challenging outlook.”

Market reaction

At the press time, EUR/USD is on the defensive around 0.9980, keeping its range play intact below parity ahead of the US data.