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EUR/USD Price Marks Highs Above 1.05 amid ECB, USD Correction.

Started by forex4you, May 18, 2022, 06:18 am

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May 18, 2022, 06:18 am
EUR/USD Price Marks Highs Above 1.05 amid ECB, USD Correction.

EUR/USD soars above 1.05 in response to ECB’s Knot. ECB looks to normalize policy. A 50-bps rate hike should not be ruled out if data in the next few months suggest rising inflation. The EUR/USD price broke above the 1.0500 level on Tuesday as the ECB provided some support and the US dollar retreated. However, … Continued


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