Daily Market Review: ECB Signals Hikes but EUR Falls, US Inflation Data Enters the Limelight
Channel: JFD Brokers
Date: 2022-06-10

Daily Market Review by Charalambos Pissouros

Yesterday, the main event was the ECB decision, with the Bank opening the path to its first rate hike since 2011, to be delivered in July, and possibly a larger one in September. However, in the aftermath of the decision, the common currency tumbled on “ #fragmentation ” fears, as President #Lagarde did not provide any details on how officials are planning to address the matter. As for today, attention is likely to turn to the US #CPIs for May, as investors are trying to figure out how the #Fed is planning to move forwards after summer. Canada’s employment report is also due to be released.

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