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Euro Holds Highs Above $1.165 on ECB Rate Hike Bets and Easing Oil

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The Story

News Summary

  • The euro stabilized above $1.165 near multi-month highs as falling oil prices eased energy supply concerns.
  • Support was reinforced by expectations of a September ECB rate hike amid hawkish remarks from policymaker Isabel Schnabel regarding persistent Middle East inflation risks.
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EURUSD price history

1.15 -1.71% over the displayed period

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