Dollar Drifts Lower As ECB Turns Hawkish

The US Dollar remains under pressure as markets weigh potential ECB rate hikes driven by inflation risks from the Iran conflict.

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Photo by Adam Nir on Unsplash

The US Dollar remains under pressure as markets weigh potential ECB rate hikes driven by inflation risks from the Iran conflict, while softer oil prices and a lighter data calendar help support European currencies and keep focus on whether dollar weakness persists into the week’s close.

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