European Central Bank (ECB) executive board member Isabel Schnabel said on Thursday, “the outlook for the ECB has not changed.”
"Inflation concerns before the July rate hike have not been alleviated."
"Growth is going to slow."
"Technical recession in the euro area is possible."
"Inflation could still accelerate in the short term."
As of writing, EUR/USD trades within a close proximity to the daily lows near 1.0165, down 0.10% on the day.