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EURUSD: Mid-Term Outlook & Short Term Analysis

European Central Bank Governing Council member Robert Holzmann said he doesn’t see reductions in interest rates coming before the US — suggesting he reckons any move by policymakers in Frankfurt may still be some way off.

“If the Fed changes its policy hiking, then I assume it will have the same conditions like in Europe, because these currency areas are interrelated so this would then also mean that we have to rethink,” the hawkish Austrian official told Bloomberg TV.

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