EUR/USD sees recovery to near 1.0900 as ECB to continue rate hikes beyond summer
EUR/USD is eyeing to recapture the 1.0900 resistance as ECB might not pause policy tightening beyond summer. The Euro is delighted with bullish bets for CY2023 as the ECB will continue to raise interest rates further. According to the consensus, investors should brace for a contraction in the US GDP for the fourth quarter of […]
ECB’s Rehn sees reasons for ‘significant’ interest rate increases before summer
European Central Bank (ECB) Governing Council member and Governor of Austria’s central bank Olli Rehn made some comments on the central bank’s interest rates policy during his appearance over the weekend. He said that he sees grounds for “significant interest rate increases from the ECB this winter and the coming spring.” Market reaction EUR/USD is […]