- EUR / USD broke above 1.2153 opening the door for further gains
- After Federal Reserve pledges to continue buying bonds and keeping rates low, USD weakness is expected to continue
EUR / USD IS HIGHER, IS THERE MORE TO COME?
The US dollar has softened over the past 9 months and the Fed could have paved the way for further losses on the greenback Fed Chairman Jerome Powell and Fed officials found little reason to curb bond purchases or raise interest rates before 2023. bear to stay in control.
EUR / USD recently hit a 36-month high, potentially ending the multi-year decline. European Central Bank officials have shown little interest in reducing the strength of the euro anytime soon. However, that’s not to say it won’t become a concern in the near future.
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