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via fxstreet.comEconomy

Euro supported by ECB hike prospects, says Commerzbank

FROM THE WIRE · FXSTREET.COM

Commerzbank’s Antje Praefcke notes that EUR/USD has been firm as the Dollar suffers from political fallout in the US and Euro area inflation hits 4%.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishECB rate hike expectations and dollar weakness directly move the EUR/USD exchange rate.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Commerzbank notes that EUR/USD has remained firm.
  2. 02The dollar is suffering from political fallout in the US.
  3. 03Euro area inflation is at 4%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.1222+0.06%today -0.11%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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