Although the euro-area economy is weak, EUR/USD bulls are going ahead
It is thought that a local currency is weakening when the economic data are getting worse. In fact, everything depends on the central bank’s point of view. If Minneapolis Federal Reserve Bank President Neel Kashkari says that further weakening of the U.S. economic data will raise the need in the federal funds rate cut, then the split among the ECB governors reduces the risks of the monetary easing even amid a worsening outlook for the euro-area economy. According to the minutes of the ECB September meeting, Christine Lagarde will…
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