EUR/USD weakened slightly after a prolonged period of strength.

Create at 1 week ago (Oct 01, 2024 20:21)

The European Central Bank (ECB) decided to ease monetary policy during its September meeting, influenced by its assessment of inflation and economic conditions. Although the ECB did not signal an interest rate cut in October, it acknowledged that inflation in the region remains high.

 

Meanwhile, following the most recent rate cut by the U.S. Federal Reserve (Fed), uncertainty lingers as to whether there will be another rate cut in September. The latest Dot Plot suggests that there may be an additional 50 basis points cut later this year.

 

Investors continue to anticipate further monetary easing by the Fed during the November and December meetings. Moreover, they remain hopeful that the U.S. economy can achieve a soft landing.

 

Source: Fxstreet

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