Euro Forecast for the Week Ahead: EUR/USD Eyes Jumbo ECB Rate Hike as Recession Looms
The Euro gained about 1.4 percent against the US Dollar last week, marking the best 5-day period since late May. EUR/USD could thank less hawkish speeches from Federal Reserve members on Friday. This was as policymakers entered a blackout period, giving markets some interesting comments to digest until the central bank’s next interest rate announcement in November. But, that isn’t for another couple of weeks. The focus for EUR/USD turns to the European Central Bank, which sets interest rates on Thursday. With inflation continuing to ravage the Euro-Area, the ECB is seen continuing with its most aggressive
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