Currency Report |
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Due to the lack of other important macroeconomic reports this past week, investors focused on inflation data and possible future monetary policy of major central banks – the ECB and the Fed. CPI in the Euro zone exceeded analysts’ forecasts and reached 3.7% on a yearly basis. Despite increasing inflation in the U.S (confirmed by Tuesday’s PPI publication), the market expects the ECB to make the first move and hike interest rates. The EUR/USD reacted to those speculations by increasing from
Filed under: Fundamental
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