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ru24.net
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Август
2022

Rate hike bets hoist Euro and bolster US dollar

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German inflation running at its highest in nearly 50 years and a growing chorus of European Central Bank officials calling for big rate hikes has markets pricing a better-than-even chance of a 75 basis point rate hike next week.The euro rose 0.16% to $1.0003 in early Asia trade, which if sustained would make for a third session of gains in a row.



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