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Yesterday, the European Central Bank’s Governing Council cut the refinancing rate, as expected, from 4.25% to 3.65%. The ECB also stated that monetary policy would remain sufficiently restrictive “for as long as necessary” to ensure inflation returns to its medium-term target of 2%. Financial markets responded with: → A strengthening of the euro. EUR/USD rose […]

The post DAX 40 Reacts Positively to ECB’s Rate Cut Decision appeared first on Action Forex.

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06/08/2024

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