Euro rises with focus on ECB tightening, Swiss Franc jumps

By Stefano Rebaudo (Reuters) – The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the European Central Bank, while the safe-haven dollar paused after significant gains in the previous sessions.Money markets are pricing in around 105 basis points (bps) of ECB rate hikes from around 95 bps on Tuesday before ECB official Klaas Knot signalled a 50-basis-point rate increase was possible in July. U.S. money markets are still discounting around 200 bps of Fed rate hikes by December 2022. Risk appetite in the currency market is fragile as stocks s…

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