European Central Bank comments overnight, this from one of the Governing Council members:

That sentiment was echoed by Martins Kazaks, Latvia's central bank governor. Remarks, ICYMI:

  • should not rule out 50bp rate increases
  • sees hikes in July and September, perhaps again during Q4

EUR/USD update, getting tailwinds from the line up of ECB folks promoting near term rate hikes:

ecb eur 25 May 2022