Euro Gains May Remain Limited Amid Fed Rate Hike Bets, Despite ECB June 11 Rate Decision

GateNews
According to Chris Turner at ING on May 27, euro gains against the dollar may remain limited despite market expectations for an ECB rate hike in June. Turner noted that ECB officials' comments yesterday failed to provide significant support for the euro, though they reinforced expectations for a 25-basis-point rate increase on June 11. Market focus is likely to shift toward expectations of a potential Fed pivot to rate hikes in coming weeks.
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