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Euro: ECB caution meets France risk – BBH

Reported · Written up by our desk · Major Pairs

Brown Brothers Harriman’s (BBH) Elias Haddad notes the European Central Bank (ECB) is expected to hold rates at 2.50%, with markets still pricing a strong chance of a December hike to 2.75%. While contained core inflation and tighter financial conditions justify waiting, France’s fiscal and bond market strains are highlighted as a key risk that could leave EUR/USD vulnerable to further downside.

Latest closeEUR/USD 1.120 ▼0.3%

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