Euro rises as report says the ECB very likely to hike in June

The euro is rising as reports indicate that the European Central Bank (ECB) is likely to implement a rate hike in June. Policymakers are in broad agreement, with some advocating for at least two hikes unless geopolitical tensions and oil prices stabilize. The ECB is expected to initiate a series of hikes, with the first anticipated in June, contingent on external factors such as the resolution of the Iran war and Brent crude prices.