ECB Rate Hike Expectations Boost Euro

Euro rises on expected ECB rate hike The Euro trades 0.17% higher against the US Dollar at around 1.1550. The gain is due to expectations that the European Central Bank will raise interest rates in September. A majority of economists predict a 25 basis points hik

Euro rises on expected ECB rate hike

The Euro trades 0.17% higher against the US Dollar at around 1.1550.

The gain is due to expectations that the European Central Bank will raise interest rates in September.

A majority of economists predict a 25 basis points hike to 2.50% to tame inflationary pressures.

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