European Central Bank (ECB) policymaker, Boris Vujčić, said on Friday, “there is a good chance of a September rate hike,” adding that “inflation persistence means there may be no September pause.”

“I think we can engineer a soft landing,” he added.

Market reaction

At the time of writing, EUR/USD is staying confined in a narrow range around 1.0950, awaiting comments from Fed Chair Jerome Powell and ECB President Christine Lagarde later in the day.