Must Read Updates for Jan 27th, 2023

 EUR/USD Outlook

The EUR/USD continued its advance from yesterday, reaching a high of 1.09 following the opening of European markets. The Euro gained momentum against the USD as news from the Bank of Canada’s rate decision started to spread throughout the market.
Yesterday’s Bank of Canada rate decision appears to have sparked a renewed sense of risk in the market. Investors are hopeful that other major central banks will follow suit, as seen with yesterday’s announcement by The BoC. However, ECB policymakers remain very hawkish on rates and made comments expressing this sentiment yesterday.



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