EUR/USD Continues Strong Rally Amid Speculations on Fed's Rate Cut Strategy
Friday, 12 July 2024, 20:58
EUR/USD Reclaims 1.0900: The pair surged above the key level amid speculations on Fed's rate cuts.
Hopes for Fed Rate Cut:
Market optimism grew despite an increase in US PPI inflation.
Greenback Plummets:
The USD faced significant pressure amidst expectations of an aggressive Fed stance.
Conclusion:
The EUR/USD pair's rally above 1.0900 reflects market anticipation of potential Fed rate cuts and the resulting impact on currency dynamics.
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.