ECB’s de Cos: Confident the next move will be a cut

European Central Bank (ECB) policymaker Pablo Hernandez de Cos said on Tuesday, "it is already very important for European citizens to know that we are confident the next move will be a cut.” He said that the central bank is” now confident inflation is moving back to target.” Market reaction EUR/USD has erased gains to trade neutral near 1.0740 on the above comments.