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ECB the main highlight on the agenda today

The Fed was in the spotlight yesterday but today, markets will have to quickly turn their attention to the ECB. Powell & co. did not explicitly call a pause to the tightening cycle but all else being equal, they are likely to move to the sidelines from next month onwards.As for the ECB, their job isn't quite done yet and after the inflation data this week, policymakers are likely to err towards raising interest rates by another 25 bps today.That is largely already priced into markets and so far... Read More

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Posted: May 4 2023, 04:58

Author Name: forexlive

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