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Morning Bid: Unstoppable dollar

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A look at the day ahead in European and global markets from Anshuman Daga

Two ECB policymakers gave diverging views about the size of future rate hikes, pointing to some dissension over whether last week's unprecedented 75 basis points rise should be repeated.Investor angst about the risks of a growth slowdown is evident.

But there seems to be little stopping the mightly dollar, already up 15% against a basket of currencies this year. Fed funds futures now point to a 25% chance of a 100 basis point hike at next week's meeting.

 

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