Dollar, euro trade sideways after ECB pushback

NEW YORK, Feb 8 (Reuters) – The dollar strengthened and the euro weakened in sideways trade on Tuesday, a day after European Central Bank President Christine Lagarde tapped down expectations of aggressive interest rate hikes that have spooked bond markets.

A more hawkish tone from both the ECB and the Federal Reserve last week caught markets off guard and sent yields soaring on euro zone and…

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News Source: https://www.reuters.com/business/euro-bounce-pauses-ahead-us-inflation-2022-02-08/

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