EUR/USD: Hawkish ECB talks, upbeat EU data tease bulls near 1.0700, PMIs in focus – by anilpanchal7 EURUSD ECB Fed RiskAppetite PMI
beyond March and the rate peak, which should be stuck to for some time, could be reached over the summer.” "With inflation so high, further rate hikes beyond March seem likely, logical and appropriate," Rehn told Germany’s Börsen-Zeitung newspaper.
was somewhat brighter with the short-term outlook turning more favorable than seen just a few months ago. The report also mentioned, “High inflationary pressures remain in place as the second round impact of quick wage growth is expected to keep inflation above its target for an extended period of time.
Alternatively, challenges to the sentiment, especially emanating from geopolitical fears surrounding China, Russia and North Korea, seemed to have put a floor under the prices. On the same line could be the last round ofAgainst this backdrop, Wall Street was closed and US Treasury yields eased, which in turn weighed on and allowed the EUR/USD to remain firmer, defending Friday’s rebound from the six-week low.
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