EUR flows: Waiting for the ECB

 However, traders views vary, with some feeling that the cut will see a decline in Eurozone yields as the market shifts to discounting two further cuts in 2024 and this will hurt the EUR.  Others are more neutral to positive on the EUR reaction, feeling that President Lagarde will downplay visibility on future rate hikes.  Lagarde forward guidance in press conference has been weak in the past, with more clarity from other speakers post press conference and from the ECB accounts of the meeting.