Cena Beeg Blue Whale

USD/TRY: Commerzbank sets year-end target at 55.0

ECB to raise rates in June on war-driven inflation but path beyond unclear

The currency market has fully priced in the expectation that the European Central Bank will raise interest rates twice by December.

The market is increasing bets on the Bank of England raising interest rates, expecting a 62 basis point hike this year.