Financial Trading
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The ECB has held rate steady today, but has laid out clear forward guidance for its first rate hike in July and further hikes later in the year. The EUR has been supported by this.
Forex moves have been less volatile in recent sessions, but the support for EUR continues to build amid the hawkish signals from the ECB.
Equity markets are selling hard in the wake of Friday’s US CPI. The prospect of higher Fed rates and a stuttering re-opening of China post-lockdowns is driving markets lower.
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