ECB Set for First Rate Hike in Three Years, Geopolitical Risks Mount
The ECB is reportedly preparing to begin tightening monetary policy for the first time in three years, while US exchanges launched a second consecutive night of strikes on Iran and SpaceX IPO is said to be imminent.
EURUSD
The European Central Bank is lining up to start tightening monetary policy for the first time in three years, according to an EU mid-market update. This shift marks a significant departure from the prolonged accommodative stance.
Meanwhile, geopolitical tensions escalated as US exchanges bombed Iran for a second straight night. In corporate news, an IPO for SpaceX appears imminent. These developments are likely to impact currency markets and risk sentiment.
Source: FXStreet Forex News