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, I thought that everything would depend upon the US CPI data that was going to be released that day. I expected an upwards movement if the annualized inflation rate fell to 6% or lower.
This has been helped by the European Central Bank hiking rates by 0.50% although this move was not a surprise to the market. . Most analysts are expecting a 0.25% rate hike but there is a strong chance that no hike at all will be made.
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