Euro Buoyed as New ECB Policies Take Effect, Attention Shifts to Inflation
The Euro has seen little knock-on ramifications resulting from the European Central Bank’s June policy meeting, and settled the week in a +/-0.50% range against six of the other seven major currencies. Driven by a weaker US Dollar after the Fed meeting this week, EURUSD was able to settle back above its pre-ECB range lows, signaling that the market isn’t quite ready to offer the Euro lower just yet.
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