mars58
By Fawad Razaqzada
Before yesterday’s ECB meeting, there was a bit of uncertainty about whether the ECB would hike or not, with markets pricing in a 65% implied probability of a 25-bps hike.
In the end, it went ahead
ECB In Dovish Hike Ahead Of More Central Bank Action Next Week
Summary
- Before yesterday’s ECB meeting, there was a bit of uncertainty about whether the ECB would hike or not, with markets pricing in a 65% implied probability of a 25-bps hike.
- A break below the May low of 1.0635 still looks likely for the EUR/USD.
- The focus will remain on the US dollar, with more data releases and the Fed’s decision to come next week.
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