US euro sales for yen support rattled ECB after Japan intervention
What's new: Frankfurt was informed only after the trade, raising tensions over a rare US move to sell euros rather than dollars.
Subject
#Christine Lagarde
ECB holds to measured path as Lagarde cools bets on bigger rate move
What's new: Traders cut year-end hike bets to 33 basis points from 37, while Germany's 2-year yield fell 6 basis points.
ECB signals more rate hikes even as US-Iran truce cools oil
Why it matters: Officials see lasting inflation pressure as energy supply, shipping and inventories recover only gradually.