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Why the euro is struggling despite higher rate hike odds

Why the euro is struggling despite higher rate hike odds
I'm fairly certain that the leak from the ECB regarding higher 2024 inflation forecasts -- these are undoubtedly the all-important staff forecasts -- is a message to the market that they're planning on hiking. If not it's a bizarre communications strategy from the ECB.What's upsetting is that the were was heavy buying of rate derivatives before the leak and the euro was also curiously strong on Monday. So I can't rule out that some of the price action today is mixed up in whatever is happening b... Read More
Posted: Sep 13 2023, 19:09
Author Name: forexlive
Views: 091283

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