Nordea: ECB on Gradual Tightening Path
Euro-area headline inflation rose to 4.0% in October driven by energy and food prices while core inflation stayed at 2.5%. Nordea expects two more ECB rate hikes with modest second-round effects so far.
Original · FXStreet AI summary of public reporting
Why: Nordea sees two more ECB hikes → supports EUR
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At publication → CurrentEUR1.127 → 1.126−0.1%