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Euro hits 3-year high as investors watch ECB, BoJ for signs of tightening

Euro zone money markets now price in a 70% chance of a 10 basis point hike from the European Central Bank

Reuters  |  London 

The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter policy from central banks, while the chance of a pro-European coalition in Germany also boosted confidence in the continent. With the world in general and Europe in particular showing signs of sustained economic growth, global stocks benchmarks jumped to fresh highs, even though investors are now pricing in the withdrawal of central banks' extraordinary stimulus. That view was given further fuel last week by an account of European Central Bank discussions which suggested ...

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First Published: Mon, January 15 2018. 17:25 IST