EUR/USD Price Update and Market Expectations

Thursday, 22 February 2024, 12:29
The EUR/USD pair continues to rise for the seventh day, supported by a weaker US Dollar amid anticipation of a prolonged high interest rate regime by the Federal Reserve. Economic data from the Eurozone contributes to the Euro's strength, while all eyes are on the upcoming US PMI figures.
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EUR/USD Price Update and Market Expectations

EUR/USD Price Update

The EUR/USD pair is on a seven-day winning streak, buoyed by the Euro's strength around 1.0850 despite mixed economic data. The US Dollar is weakening amid market expectations of prolonged high interest rates by the Federal Reserve.

Market Expectations

The Federal Reserve's anticipation of maintaining high interest rates is influencing the currency market, with investors closely watching the impending US PMI data to gauge the economic outlook.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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