Goldman Sachs pushes back timing of ECB rate hikes for this year by a little

Goldman Sachs has revised its forecast for the timing of European Central Bank (ECB) rate hikes, indicating a delay for this year. This adjustment reflects a shift in expectations regarding monetary policy, impacting the rate differential between the euro and other currencies. The euro (EUR) is particularly exposed, as a delayed rate hike could weaken its appeal against currencies with more aggressive tightening stances. Traders will be focused on upcoming ECB meetings and any statements from officials that may provide further clarity on the central bank's policy trajectory.

The Euro (EUR) is the currency of 20 European Union member states. Major EUR movers include ECB Governing Council decisions, Eurozone CPI prints, Bund/BTP spread events, and political risk from France, Germany and Italy.

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