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Reuters
Euro rallies ahead of ECB meeting, Poland’s zloty and Hungary’s forint surge
The euro rose on Wednesday, briefly nearing $1.10, supported ahead of this week’s European Central Bank meeting by reports that European Union countries were discussing joint bond issuance to finance energy and defence spending. After touching a 22-month low on Monday of $1.0806, the euro stood at $1.0968 at 1220 GMT, up 0.7% on the day, after a report citing unnamed officials said the EU was discussing joint bond issuance. European currencies such as Poland’s zloty and Hungary’s forint rose sharply, rebounding from record lows against the euro, also supported by both central banks hiking rates on Tuesday.
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