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ECB’s Nagel: Trump's tariffs may have a minor impact on inflation

European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Monday, “Trump's tariffs may have a minor impact on inflation.”

He added, “global integration would have to decrease substantially to cause a noticeable rise in inflationary pressures.”

EUR/USD strives to gain ground ahead of ECB Lagarde’s speech

EUR/USD trades sideways slightly above the psychological support of 1.0500 at the start of the week.
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AUD/JPY remains below 100.00, upside potential seems possible due to hawkish RBA

The AUD/JPY cross has trimmed its daily gains and trades near 99.90 during European trading hours on Monday.
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