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It wasn’t until Jackson Hole that markets really settled on the ECB hiking by 75 bps today but by now, that move is more or less fully priced in and the risk here would be the ECB not hiking by that amount instead. Let’s face the facts. The European economy is being strained significantly by
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The dollar is holding steady on the day after having seen a bit of a rejection at key levels in trading yesterday. EUR/USD moved up after contesting 0.9900 while GBP/USD held at the March 2020 lows near 1.1400 before climbing back up to above 1.1500 now. Meanwhile, USD/JPY came within a whisker of touching 145.00
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