The ECB’s Hawkish Stance Did Little to Help the Euro, as Markets Focused on the Fed

The ECB raised interest rates and struck an optimistic tone, but this proved insufficient to bolster the EURUSD. Accelerating inflation in the US is reinforcing confidence that the Fed will raise rates. The ECB’s rate hike and the bank’s confident tone regarding the economy and inflation failed to overshadow the impact of accelerating US producer […]

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