April 10, 2024 – OkSignals

EUR/USD Plummets on US Inflation Data, Eyes ECB Meeting

EUR/USD plunged over a full percentage point to the upper 1.0700s after Wednesday’s release of hotter-than-expected US Consumer Price Index (CPI) data. March inflation figures lowered the likelihood of an early Federal Reserve (Fed) interest rate cut. US Dollar Gains on Higher Rate Expectations The strong inflation data boosts the US Dollar (USD) as higher […]

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