Rabobank strategists anticipate an upcoming 25 basis points (bp) rate hike from the European Central Bank (ECB), with the market already adjusting for two more such increases in the current cycle. However, the durability of the EUR/USD exchange rate gains will depend on the perceived hawkishness of the ECB's signals and the new staff economic projections. They foresee a 'hawkish hold' from the FED, with a continuation of policy tightening likely from July, which could limit Euro exchange rate gains. Anticipations of ECB's Monetary Policy Analysts from Rabobank project a 25 bp hike from the ECB in the forthcoming ... (full story)