According to economists, the ECB will raise rates by 50bps at the next meeting. Eurozone inflation is at 10.6%, more than five times the ECB’s target. There is a 78% chance that the eurozone is headed for a winter recession. Today’s EUR/USD forecast is bullish. Despite the likelihood that the Eurozone is entering a recession, … Continued
The post EUR/USD Forecast: ECB to Hike 50bps Despite Recession Woes appeared first on Forex Crunch.
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