EURUSD DOWN

16 בנוב׳ 2024

EUR/USD is likely to continue moving downward next week due to diverging monetary policies between the European Central Bank (ECB) and the Federal Reserve. The ECB has recently adopted a more cautious stance as Eurozone economic data, particularly PMI figures, indicate weakening growth and inflation pressures easing. In contrast, the Fed remains committed to its higher-for-longer interest rate strategy, supported by robust U.S. economic data such as strong GDP growth and low unemployment. This divergence strengthens the USD while weighing on the EUR, making a further decline in EUR/USD likely.