Euro gives back gains after Lagarde says ECB accelerating hikes, not changing final level

21/07/2022 | 13:15 GMT

Hikes sooner, not higher

The euro has given back all the gains it made on the surprise 50 bps hike after Lagarde said the terminal rate of hikes isn't changing, it's just accelerated.

EUR/USD is at 1.0198 from a high of 1.0278.

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