💱Euro/US Dollar FX Spot Rate
EURUSD
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ECB hawkish repricing with higher rate hike expectations strengthens EUR relative to USD
Impact on assets 1
Others
Deutsche Bank Research’s Early Morning Reid notes that European assets are sensitive to the renewed energy shock. Market pricing for ECB hikes by December rose sharply, implying a chance of three hikes this year after June’s move.
ECB hawkish repricing with higher rate hike expectations strengthens EUR relative to USD