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Euro Analysis: EUR/USD Bounces Off 1.09 – 1.10 Retest Next?
At the start of the final “real” trading week of the year, traders are still digesting last week’s central bank meetings, specifically the contrast between the Federal Reserve and the European Central Bank. Despite an ostensibly stronger economy and near-target inflation, Fed Chairman Jerome Powell and Company clearly endorsed multiple interest rate cuts next year, starting as soon as March, whereas ECB President Christine Lagarde pushed back against the market’s expectations for easing policy. This morning, ECB members Vasle (“Market pricing for rate cuts is excessive”) and Kazimir (“Policy mistake of ... (full story)