ECB’s Rehn: There is a case for frontloading the tightening cycle
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European Central Bank (ECB) Governing Council member Olli Rehn said on Friday, “there is a case for frontloading the tightening cycle.”
Amid risk aversion at full steam and notable US dollar demand, EUR/USD shrugs off the hawkish ECB commentary. The spot is losing 0.35% on the day to trade at 0.9963, as of writing.
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