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EUR/USD Outlook: Greenback at 7-Week Top, EU Facing Inflation
Overall, Eurozone price growth increased to 7.0% in April. Eurozone core inflation, excluding volatile food and fuel prices, slowed to 7.3% from 7.5%. Additional ECB rate hikes will likely occur as service inflation remains high. Today’s EUR/USD outlook is bearish. On Thursday, the US dollar remained close to a seven-week high as President Joe Biden … Continued The post EUR/USD Outlook: Greenback at 7-Week Top, EU Facing Inflation appeared first on Forex Crunch...
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Posted: May 18 2023, 10:25
Author Name: forexcrunch
Views: 110814