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EUR/USD rallied more than 150 pips after ECB President Lagarde declined to rule out a rate hike this year, while EUR/GBP reversed from long-term support following a BoE rate hike. Technical levels were highlighted for EUR/USD near $1.148 and above.
Currency moves driven by central bank policy shift relative values across major currencies, affecting dollar-denominated feed commodity prices and import costs for buyers outside the US.
ig.comAxel RudolphFeb 4, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
EUR/USD rallied over 150 pips after Lagarde declined to rule out a hike, directly contributing to the weekly move.
