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EUR Unphased on BBG Report That ECB Hawks Face Increasing Opposition

ECB

EUR/USD relatively unmoved on BBG ECB sources story, but the pair holds close to best levels of the session and first resistance at this morning's 1.0737.
The BBG piece writes that:

  • The ECB's plans for more big interest-rate hikes are set to meet more opposition this week after the collapse of Silicon Valley Bank, according to officials with knowledge of the matter.
  • Dovish policymakers are likely to argue that the economic environment has shifted and that more caution is warranted, the people said, declining to be identified because such discussions are confidential.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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