ECB President Lagarde: ECB does not target exchange rates

Head of the EU Red Sea Operation: 10 drones have been destroyed and 4 ballistic missiles launched by the Houthi armed forces have been intercepted since mid-February.

Head of EU Red Sea Operation: EU naval mission needs more warships to protect ships in the Red Sea.

ECB President Lagarde: The road to inflation falling back to 2% will be bumpy.

ECB President Lagarde: Decisions will be made meeting by meeting.

ECB President Lagarde: The ECB must rely on data and will use judgment.

The Mexican peso extended its losses against the dollar, falling more than 3% to its lowest level since February.

ECB President Lagarde: The ECB will not pre-commit to a specific interest rate path.

ECB President Lagarde: In the absence of further shocks, it is time to ease restrictive monetary policy in the reasonable short term.

ECB President Lagarde: "More confidence" is needed in the downward trend of inflation.

Chinese stocks generally fell, with Pinduoduo (PDD.O) down 1.9%, Baidu (BIDU.O) down 1.1%, Li Auto (LI.O) down 2.6%, and JD.com (JD.O) down 2.3%.

ECB President Lagarde: We are observing a decline in inflation that is in line with our expectations.

ECB President Lagarde: The ECB is closely monitoring oil prices.

Ukrainian bondholders set up an interim committee to negotiate debt.

ECB President Christine Lagarde: So far, the impact of geopolitical events on commodity prices has not been very significant.

ECB President Lagarde: Geopolitics affects confidence and commodity prices.

IMF Chief Economist Gulan Shah: Rising energy prices caused by the expansion of the Middle East conflict will prompt monetary policy tightening to control inflation and put pressure on economic activities.