HomeNewsNewsDollar up, euro down as pair face off in rate hike tussle

Dollar up, euro down as pair face off in rate hike tussle

Currency signs of the Japanese yen, euro and the U.S. dollar are seen on a board outside a currency exchange office at Narita International airport, near Tokyo, Japan, March 25, 2016. REUTERS/Yuya Shino

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  • Euro falls back after surging last week
  • Analysts say ECB turn is big deal for single currency
  • Dollar edges down, traders await Thursday CPI data

NEW YORK, Feb 7 (Reuters) – The dollar and the euro both eased on Monday after European Central Bank President Christine Lagarde calmed market expectations of a quick hike in interest rates that pushed regional bond yields in Europe up to multi-year highs.

There is no need for big monetary policy tightening in the euro zone as inflation is set to decline and could stabilize around the ECB’s target of 2%, Lagarde told a European Parliament hearing. read more

Last week the ECB opened the door to a rate hike later in 2022 as inflation…

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