The European Central Bank continues to raise interest rates

Although the eurozone economy is not satisfactory, the European Central Bank's interest rate hike expectations are expected to give the euro some support.

HSBC expects the European Central Bank to raise interest rates in June, July and September

The eurozone PMI data showed a good pace of expansion, but perhaps the most interesting aspect of the data was the increase in the service sector output price index while the input price index fell.
That is, companies have greatly increased prices when the growth of input costs has slowed.Nevertheless, the historically high input prices mean that core inflation will remain on trend, which has prompted the European Central Bank to now expect to raise interest rates in June, July and September.

EURUSD is currently at 1.0774, and the important short-term resistance is 1.0845-1.0850


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