Italy Industrial Sales s.a. (MoM) fell from previous 2.1% to -0.5% in January

European Central Bank (ECB) policymaker Madis Muller said on Friday that “slower inflation rises the chances of a June rate cut.” Muller added that “there are more signs the economy is strengthening.” Market reaction At the time of writing, EUR/USD is testing lows near 1.0675, down 0.42% on the day.