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Euro Drops to 1.06 As ECB Projects Hike!

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The ECB intends to raise the key ECB interest rates by 25 basis points in July.

This caused the EURUSD pairs to drop to one-week lows, losing over 100 pips in the process.

In addition, the USDJPY soared to a two-decade high as US yields charged higher.

Will we now see a reassessment of the Fed’s monetary policy outlook in the short-term?

Timestamps

EURUSD 01:55

USDJPY 03:10

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