EURUSD Forex Signal: Rebound Likely Ahead of the Fed Decision
It dropped to a low of 0.9965, which was lower than last week’s high of 1.0095. The price remains about 4.47% above the lowest level in October.The European Central Bank continued its monetary policy meeting last week and decided to hike rates by0.75% for the second meeting in a row. The move pushed the main interest rate to 1.5%, the highest level in more than a decade.
In her statement, Christine Lagarde said that the bank would continue hiking interest rates further in the coming meetings even as she cautioned about the state of the economy.
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