A post by @FirstSquawk on X.
Dollar Gains Support from Jumbo Fed Hike Expectations, Leaving the Euro on the Back Foot as Markets Await German CPI and ECB Signals - FX
@FirstSquawk on X
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The dollar strengthened on expectations of a jumbo Federal Reserve rate hike, pressuring the euro as markets await German CPI data and European Central Bank signals. The greenback's advance reflects investors pricing in aggressive Fed tightening, while the euro remains on the back foot ahead of key inflation and policy cues. German CPI and ECB commentary are the next catalysts that could shape the euro's near-term direction.
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Named in this story
Euro (EURUSD), Federal Reserve, US Dollar, European Central Bank, Germany
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