EURUSD Fundamental Analysis – 5-June-2024

The euro dropped to $1.087 (EUR/USD) from a 10-week high as investors predict the European Central Bank (ECB) will cut interest rates this week. The ECB will likely lower rates by 25 basis points on Thursday, responding to signs of easing inflation.

However, May’s inflation increase has added uncertainty about future rate cuts this year. In contrast, US economic data shows the economy is feeling the impact of higher interest rates. This supports the possibility of multiple rate cuts by the Federal Reserve in the coming months.

Stay informed to make the best financial decisions amid these developments.

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Ethan O. Miller

Ethan O. Miller is a seasoned Forex analyst. His insightful articles offer a unique perspective on currency trends, aiding both novice and experienced traders in navigating the Forex market.

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