Quick Take
Recent macroeconomic data highlights significant events in the international fiscal landscape. The European Central Bank (ECB) held its gun, maintaining the interest rate at the anticipated 4.5%.
This decision, widely expected by the market, maintains a status quo in Europe’s monetary policy. Notably, the European currency remained relatively stable against the DXY (US dollar index), hovering around the 1.05 mark, unaffected by the ECB’s decision.
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