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May 06 - 07:55 AM

EUR/USD - ECB Hawk Spurs A Likely Short Lived EUR/USD Rally

By Jeremy Boulton  —  May 06 - 05:55 AM
  • Key ECB rate should be back in positive territory by year end: Villeroy

  • Villeroy also concerned about the weakness of the euro nL3N2WX378

  • EUR/USD reacts rising from 1.0500 to 1.0582 EBS

  • Rise from 1.0483 low followed similar talk from IFO head nL6N2WY02W

  • ECB Nagel also talking about policy change this year nS8N2UQ06D

  • With ECB chasing Fed there's scope for a deeper drop

  • The next major downside target is 1.0250


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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