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Currencies: U.S. inflation, recession concerns take a back seat in markets to someone else’s problems for now: Europe’s

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A dearth of any meaningful U.S. data over the next few days has shifted the financial market’s focus away from U.S. inflation and recession prospects and toward someone else’s problems: namely, Europe’s.On Thursday, European Central Bank policy makers, led by President Christine Lagarde, are said to be ready to consider doubling the size of their next rate increase, to 50 basis points, given Europe’s worsening inflation, according to Bloomberg and Reuters. Annual inflation in the eurozone’s 19 countries surged to a record…

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