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Home›Forex›Major Pairs›The door remains ajar for ECB to tighten. EURUSD rebou…

The door remains ajar for ECB to tighten. EURUSD rebounds after break lower failed

Reported · Written up by our desk · Major Pairs

The ECB kept interest rates unchanged as expected, but President Christine Lagarde delivered a hawkish message despite the decision to hold. Policymakers discussed a rate increase, and Lagarde indicated that conditions could have justified additional tightening. The decision to wait reflected unchanged underlying inflation and uncertainty surrounding the outlook, rather than a declaration that the tightening cycle was over. For EURUSD, the decision and press conference produced volatile trading. An initial decline took the price below the double bottom near 1.11135, established on Oct

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ForexliveThe door remains ajar for ECB to tighten. EURUSD rebounds after break lower failed

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