EUR/USD Outlook: ECB Expected to Deliver Massive Hike to Curb Inflation

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EUR/USD Outlook: ECB Expected to Deliver Massive Hike to Curb Inflation

Eurozone inflation is consuming household savings and destroying economic activity. Markets estimate an 80% chance of a 75bps rate hike. An aggressive ECB will worsen the effects of the energy crisis. Today’s EUR/USD outlook is bullish. The European Central Bank will increase interest rates once more to combat spiraling inflation; the only remaining uncertainty is … Continued

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