EUR/USD: ECB tightening moderately “over-priced” – Wells Fargo By MSalordFX EURUSD ECB Banks
indicated in the post-meeting press conference. And the contours of the ECB's monetary policy approach leaves the central bank on course, in our view, to deliver an initial 25 bps Deposit Rate hike at its December 2022 monetary policy meeting. After an initial spike higher, the euro has reversed course and is now weaker against the U.S. dollar.”
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