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CitiFX: Watch How Lagarde Characterizes Policy Changes

ECB VIEW

CitiFX writes following the ECB decision on what to watch for in the press conference starting in a few minutes: "Of most interest is how Lagarde characterizes today's policy changes, recent EUR appreciation and the likelihood of rate cuts. We expect a mildly dovish meeting that will reinforce the persistence of ECB stimulus in the face of remaining uncertainties but envisage EURUSD's uptrend resuming after the meeting."

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