Commerzbank: Proactive ECB Seen as Supportive for Euro

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Commerzbank analyst Michael Pfister says the European Central Bank's proactive rate hikes in response to the inflation shock from the Iran conflict are supportive for the euro. Several central banks, including the ECB, have already raised rates, which Pfister views as a positive factor for the currency.

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ECB proactive rate hikes support euro, raising policy rate expectations

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