Euro Jumps after Hawkish ECB Hike, Dollar Rebounds on Risk-Off Sentiment

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Euro Jumps after Hawkish ECB Hike, Dollar Rebounds on Risk-Off Sentiment

Dollar rebounds broadly following risk-off sentiment as delayed reaction to Fed’s hawkish projections overnight. SNB, BoE and ECB met expectations with 50bps rate hike. Euro is strong as ECB maintains hawkish bias, with upward revision in inflation projections. Swiss Franc is the third strongest after SNB indicates the possibility of more tightening. Meanwhile, Sterling is […]

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