The euro has given back all the gains it made on the surprise 50 bps hike after Lagarde said the terminal rate of hikes isn't changing, it's just accelerated.
EUR/USD is at 1.0198 from a high of 1.0278.
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Euro gives back gains after Lagarde says ECB accelerating hikes, not changing final level
Euro gives back gains after Lagarde says ECB accelerating hikes, not changing final level
- Hikes sooner, not higher
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