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EUR/USD
EUR/USD
1.1622
-0.01% (-0.0001)
Market read
Inflation running above the ECB's target is pushing policymakers toward another rate hike. The bank is also signaling caution on further hikes, suggesting this move could be near the end of its tightening cycle. Next up: MBA 30-Year Mortgage Rate.
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The ECB is expected to raise its key interest rate this Thursday for a second time, following eurozone August annual inflation of 3.3%.
Inflation running above the ECB's target is pushing policymakers toward another rate hike. The bank is also signaling caution on further hikes, suggesting this move could be near the end of its tightening cycle.
FirstSquawk·09/07, 04:00 PM
High impactEuro area second-quarter GDP rose 0.6% quarter-on-quarter, above the 0.4% estimate.
CafeF·09/08, 08:00 AM
The ECB is widely expected to raise interest rates on Thursday, September 10, as an insurance move against renewed oil price gains from Middle East conflict, with markets questioning whether this would be the final hike of the current tightening cycle.
FinancialJuice·09/07, 01:00 PM
German industrial production year-over-year (seasonally adjusted) came in at -1.6%, missing the 0% forecast and prior reading of 0.00%.
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