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EURUSD Buy – March 14 , 2023

In a complete U-turn from its reaction to hawkish Powell testimony last week, markets today struggle to price one further 25bp hike from the Fed. This is a far cry from the +75-100bp of extra tightening seen last week. The re-pricing of the Fed is understandable as US authorities struggle to put a floor under the evolving banking crisis. Indeed, the KBW regional…

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