Hawkish ECB Pricing Boosts Euro, MUFG Says
Euro-zone yields hit year-to-date highs ahead of the ECB meeting, with markets pricing 2-3 more rate hikes, supporting the euro, according to MUFG analyst Lee Hardman.
EURUSD
Lee Hardman, analyst at MUFG, notes that Euro-zone yields have climbed to fresh year-to-date highs in the run-up to the European Central Bank meeting.
Markets are now pricing in 2–3 additional rate hikes and are nearly fully discounting another move at the upcoming meeting. This hawkish repricing is providing support for the euro, according to the analyst.
Source: FXStreet Forex News