Euro approaches 1.0800 inspired by a likely decline in Fed-ECB policy divergence, US CPI eyed – by Sagar_Dua24 EURUSD ECB Fed CPI SEO
Daily digest market movers: Euro looks solid on hopes of a hawkish ECB policy
Headline inflation is seen softening sharply amid a negative impact from the energy component while core CPI is expected to show persistence due to solid demand for durables and services. Former Dallas Fed Bank President Robert Kaplan said in an interview early Tuesday, he would support a "hawkish pause" at this week's meeting.
ECB President Christine Lagarde is expected to raise interest rates by 25 basis points to 4.25% despite deepening fears of a recession in Europe.
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