EUR/USD skates on thin ice around 1.0550 amid hawkish ECB talks, higher Fed rate concerns – by anilpanchal7 EURUSD ECB Fed RiskAppetite Ukraine
ECB’s Lagarde suggests more rate hikes; EU sanctions on Russia add to the bearish bias.
EUR/USD dribbles around mid-1.0500s as the European Central Bank hawks jostle with the hopes of higher Federal Reserve Friday’s US Personal Consumption Expenditures gained major attention as the headline PCE Price Index rose to 5.4% YoY versus 5.3% prior and 4.9% market forecasts. Further, the more relevant Core PCE
With this, the latest read of the FEDWATCH tool, market players price a year-end effective fed funds rate at 5.3%, versus 5.1% signaled by the US central bank in its December meeting.
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