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Euro Recovers as ECB Turns Hawkish!

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Euro continues its climb after the prospect of a hawkish ECB tone.

The possibility of a half percentage point interest rate increase sent the euro over 1% against the dollar.

ECB president Christine Lagarde has signaled that the bank’s first rate rise for more than a decade is likely to occur at July’s governing council meeting.

Is this the first step to lower inflation?

Timestamps

EURUSD 01:10

USDJPY 03:30

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