Russia Central Bank Reserves $ up to $591.2B from previous $581.1B

Markets are pricing three 25 bps rate hikes by both the Fed and the ECB this year, and that leaves the EUR/USD rate range-bound, economists at Société Générale say, A big EUR/USD rise is very unlikely now The market is pricing three 75bp rate cuts from the Fed and ECB this year and what matters is firstly how those expectations evolve and secondly, how expectations about policy evolve for 2025.