Christopher Nye
on May 18th, 2022 The euro is stronger against the dollar this morning due to improved market sentiment.
A more positive global economic outlook, driven by hopes of lockdowns easing in China and positive economic data, caused the euro to strengthen against the dollar. As well as this, European Central Bank official, Klaas Knot said yesterday that a 50 basis points interest rate hike should not be ruled out.
Inflation data for the eurozone is expected this morning, predicted to rise to 7.5% year-on-year.
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