EUR/USD may find itself at 1.12/15 in relatively short order.

EUR/USD has broken above 1.10. The pair could reach 1.12/15, according to economists at TD Securities.Lagarde could pound the table with hawkish rhetoric

“A stronger reading in EU core CPI will give pretext for Lagarde to pound the table with hawkish rhetoric, but whether STIR markets will react accordingly remains another given how much is already priced in until mid-year. As such, we may see this impact further out the curve.”

“With the economy faring better than feared and China re-opening still underway, EUR/USD could find itself at 1.12/15 in short order.”

 BOE hikes policy rate by 50 bps to 4%, ECB is next – LIVE

The Bank of England (BoE) raised its policy rate by 50 bps to 4% as expected and noted that it could further tighten the policy if needed. As Governor Bailey comments on policy outlook, GBP/USD stays on the back foot. Eyes on European Central Bank’s (ECB) policy announcements.


EUR/USD holds near 1.1000, eyes on ECB

EUR/USD is trading in a narrow channel at around 1.1000, as buyers stay on the sidelines ahead of the ECB policy decision. The pair is sitting close to the highest level in 10 months, as the US Dollar licks the dovish Fed decision-inflicted wounds. 


Gold holds steady near $1,950 as US yields stay calm

Gold price consolidates Wednesday’s impressive gains and moves up and down in a relatively narrow channel slightly above $1,950. Following the post-Fed decline, the 10-year US Treasury bond yield holds steady slightly above 3.4%, limiting XAU/USD’s upside.

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