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EUR/USD at its lowest levels for the year as the dollar continues to run hot

EUR/USD at its lowest levels for the year as the dollar continues to run hot
To keep things simple, let's take a look at what are the moving parts that are driving EUR/USD at the moment.First, we have the sentiment between the Fed and ECB and while both central banks are in pause mode, it all comes down to the likelihood of either one hiking rates again and also how soon rate cuts may come into the picture. In both instances, it's all about the strength of the respective economies and in that lieu, the US is in a better spot.As such, that is one point for the dollar.And... Read More
Posted: Oct 3 2023, 05:12
Author Name: forexlive
Views: 112441

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