Euro nears nine-month peak as ECB hawks let fly

January 23, 2023 / 7:48 AM
Sharjah24 – Reuters: The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.
The euro crept ahead to $1.0870 EUR=D3 and nearer its recent nine-month peak of $1.08875. A break there would open the way to a spike top from last April at $1.0936.

It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. 
January 23, 2023 / 7:48 AM

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