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  • Euro Rally May Have More Room to Run as ECB Takes Hawkish Baton From Fed

    From bnnbloomberg.ca

    The euro is heading for its best week against the dollar since November, a rally that may have plenty more room to run. The single currency is up around 1.6% against the greenback this week, touching a nine-month high just above $1.08 after Thursday’s data showed US inflation continued to slow. The release sapped demand for the dollar as traders trimmed their expectations for tightening from the Federal Reserve. It’s a remarkable comeback for a currency which was trading below parity as recently as November. Signs the Fed may be approaching the end of its hiking cycle promises to be a key driver for the euro ... (full story)

I don't think so. A world recession is on the horizon and approaching fast. Investors prefer US debt during a global downturn. A stronger US dollar is more likely.
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you have to be blind to believe in the strength of the euro two more hikes by the ECB and Greece will be on the verge of bankruptcy again
Europe is holding up well so far, despite the inflation and energy crisis. So I am staying long on Euro.
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  • Story Stats
  • Posted: Jan 13, 2023 10:25am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 1,221

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