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ECB to stick to data-dependent path in lowering rates – OCBC
EUR/USD has been depreciating towards 1.10 over the past four sessions into the interest rate cuts expected at today’s European Central Bank governing council meeting, DBS’s FX analyst Philip Wee notes. ECB is not on auto-pilot yet “Apart from the deposit facility rate declining a second time by 25 bps to 3.50%, there are also expectations for
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