Hawkish ECB Signaled Change in Guidance This Year

Major currencies generally firmed against US dollar but euro was the best performer. The single currency was lifted as the ECB minutes for the December meeting came in more hawkish than expected. Long-dated US Treasury yields eased as core PPI surprised to the downside and speculations over Chinese purchases proved short-lived. in the commodity sector, crude oil prices have strengthened for four days in a row…

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Hawkish ECB Signaled Change in Guidance This Year