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club Felene

EUR/USD Weekly Forecast: Fed Takes More Conservative Stance

by Forex Crunch
October 12, 2024
in Forex Analysis
Reading Time: 1 min read

Most Fed policymakers agreed to lower borrowing costs by 50-bps. The US Consumer Price Index rose by 2.4% annually, above estimates. Markets lowered the chances of a November Fed rate cut. The EUR/USD weekly forecast is bearish due to a continuing shift to a more cautious outlook for Fed policy after hotter CPI data. Ups…
The post EUR/USD Weekly Forecast: Fed Takes More Conservative Stance appeared first on Forex Crunch.
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