How Fed's Rate Decision Could Influence EUR/USD Movement

Monday, 18 March 2024, 07:28
In the latest analysis from Nordea, experts predict that if the Fed maintains current interest rates for an extended period, the EUR/USD pair is likely to decline. This forecast comes as the pair has been steadily climbing over the past month, nearing the key level of 1.1000.
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How Fed's Rate Decision Could Influence EUR/USD Movement

EUR/USD Movement Forecast

Experts at Nordea predict that the EUR/USD pair may face a decline if the Federal Reserve keeps interest rates unchanged for an extended period, potentially impacting market sentiment.

Key Trends

  • The EUR/USD pair has been on an upward trend recently, approaching the critical level of 1.1000.

Expert Analysis

  1. Nordea: If the Fed maintains interest rates at current levels for an extended duration, the EUR/USD pair could experience a downward trajectory.

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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