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ECB to Raise Rates. Will This Help the Euro? (There Is a Chance of Renewed Declines in EUR/USD and GBP/USD)
Today, the European Central Bank meeting
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Today, the European Central Bank meeting will take place, and markets expect a hike in the key interest rate. The critical question remains: will this support the euro?Currently, the market expects the outcome of the ECB meeting to be an increase in the key interest rate by 0.25%, from 2.15% to 2.40%. This raises an important question: will this decision support the strengthening of the euro in the Forex market or not?Logically, raising borrowing costs should be viewed as a
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Pati Gani,
Analytical expert of InstaForex
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