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EUR/USD dives on speculations for additional hikes after Fed Chair Powell remarks
EUR/USD snaps two days of straight gains drop on hawkish remarks by the US Federal Reserve (Fed) Chair Jerome Powell, who shared a panel with the European Central Bank (ECB) President Christine Lagarde. Even though both policymakers struck hawkish remarks, the greenback finished with the upper hand. At the time of writing, the EUR/USD is trading at 1.0917, down 0.40%, after hitting a weekly high of 1.0976 on Tuesday. Wall Street is trading mixed, with the Dow Jones being the outlier, registering losses of 0.15%. Fed Chair Powell and ECB’s Lagarde shared a panel on Wednesday where policymakers talked about monetary ... (full story)