Why positive bias in EUR/USD?

P

Pluralsight

According to several reports there was a positive bias in EUR/USD for this week. After the fed decision to increase rates by 0.25 EUR/USD has been going up, though I would expect EUR/USD to start declining. Could it be either that: a) There are other factors in play

b) The rate hike had already been priced in by the market?
 
Yeah, this rate increase was priced in, but USD took a hit across all majors on a less hawkish tone than anticipated for further rate hikes from what I'm reading. BOE and ECB switching to a hawkish tone recently. Not sure how much the elections in Europe are messing with things also, but it seems clear this was a dollar hit on the Fed.

The bull reversal on EUR/USD on March 9th was from the ECB press conference indeed.
 
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