News Journal

Euro improves after tumbling on Friday

The European Central Bank is expected to make a series of rate hikes and on Thursday the rates were increased after 13 months. Euro lowered against U.S. dollar after rate hike and then rose to get flat.

A few market experts are expecting the ECB will make a series of rate hikes in the coming months because of the increasing inflation but Euribor market is expecting that chance of rate hike is 50% and that may come in the year end.