Christopher Nye
on January 24th, 2023 EUR/USD climbed on Monday as investors continued to bet on ECB rate hikes. As well as this, markets saw the latest consumer confidence reading for the eurozone rise by 1.1 points. The indicator climbed to -20.9 in January, its highest level since February 2022 .
This was largely driven by hopes that lower energy prices and recovery fund spending might help avoid a recession this year.
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