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ECBRATES
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ECB rate hike expected in September due to inflation above 3%
Danske Bank reports that EUR/USD slipped below 1.1600 as the US Dollar strengthened on a hawkish Federal Reserve stance and geopolitical tensions. The bank notes that Euro area inflation has moved back above 3%, reinforcing expectations for a September ECB rate hike.
ECB rate hike expected in September due to inflation above 3%
ECB rate hike expectations push yields up