EUR/USD extends the advance from the weekly low (1.1108) even as the Federal Reserve tames speculation for an imminent change in regime, and the European Central Bank (ECB) rate decision may fuel the recent rebound in the exchange rate as the Governing Council is expected to further combat inflation. EUR/USD Post-Fed Bounce to Benefit from Hawkish ECB Rate Hike EUR/USD seems to be unfazed by the 25bp Fed rate-hike as it halts a six-day selloff, but the FOMC may continue to prepare US households and businesses for higher interest rates as ‘inflation remains well above our longer run goal of 2%.’ The prepared remarks ... (full story)