Japan is exploring options for intervening in the oil market. The OECD considers the risks of stagflation in the eurozone to be higher than in the US. Christine Lagarde’s statement that the ECB is ready to raise interest rates should, in theory, support the euro. However, a tightening of monetary policy could shock the eurozone. […]The post ECB Rate Hikes May Backfire on Europe appeared first on ActionForex.