2025-01-07 21:52
Industryeurusd technical analysis
In 2024, the EUR/USD currency pair was trading in a narrow range of 1.0600–1.1210. At the beginning of the year, the pair's quotes declined against investors' expectations that the European Central Bank would be the first to reduce interest rates. Indeed, the ECB cut the interest rate by 25 basis points to 4.25% from 4.50% on June 6. In the US, the Fed began its monetary expansion cycle later on September 18. The interest rate was lowered to 5.0% from 5.50%.
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eurusd technical analysis
| 2025-01-07 21:52In 2024, the EUR/USD currency pair was trading in a narrow range of 1.0600–1.1210. At the beginning of the year, the pair's quotes declined against investors' expectations that the European Central Bank would be the first to reduce interest rates. Indeed, the ECB cut the interest rate by 25 basis points to 4.25% from 4.50% on June 6. In the US, the Fed began its monetary expansion cycle later on September 18. The interest rate was lowered to 5.0% from 5.50%.
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