Euro Spikes After ECB’s Nowotny Suggests 20Bps Rate HIke
After a relatively flat overnight session for the common currency, the EURUSD spiked as much as 50 pips higher after Reuters quoted ECB hawk Ewald Nowotny who this morning sounded especially hawkish, suggesting that the ECB could lift the deposit rate from -0.40% to -0.20% to start the process of rate hikes… ECB COULD LIFT…