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ECBs Nagel: Interest rates should rise further
ECBs Nagel is on the wires saying:Interest rates should rise furtherHe could've imagined a 50 basis point hike at the last meeting but is okay with the 25Will address at G7 talks need for new global precautions to offer banks some protection if affected by rumors of distressThe market is not always right about the ECB's terminal rateThe comments are slowing the declines in the EURUSD. The price is trading at 1.0964 after dipping to 1.0957 and below the 50% midpoint of the April trading range at...
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Posted: May 9 2023, 12:42
Author Name: forexlive
Views: 110560