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BofA predicts limited EUR/USD reaction to upcoming ECB decision

BofA predicts limited EUR/USD reaction to upcoming ECB decision
Bank of America believes the European Central Bank is likely to hike rates on Thursday, albeit it's a close call with market pricing at 50%. Despite potential short-term strength in EUR, the bank expects the currency's upside to be limited due to relative economic data and upcoming Fed actions. BofA maintains a year-end EUR/USD forecast of 1.05.Key Points:ECB Rate Hike on the Horizon?: BofA expects a rate hike from the ECB this week, with the market assigning a 50% probability. Even if the ECB d... Read More
Posted: Sep 13 2023, 23:05
Author Name: forexlive
Views: 091228

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