ECB’s Nowotny: ECB must be careful in unwinding low interest rates

While presenting the Austrian Financial Stability Report on Monday, the ECB Governing Council member and Austrian Central Bank Head, Ewald Nowotny, said that the ECB must be careful in unwinding low-interest rates.

Meanwhile, the EUR/USD pair extends its advance to test 1.18 handle, now trading near daily tops of 1.1797, up +0.15% on the day.