EUR/USD Forecast: Euro Reaches 50-Day EMA

  • The EUR/USD currency pair rallied a bit on Wednesday as CPI numbers in the United States came out lower than anticipated.
  • This suggests that the rate of inflation could give the Federal Reserve a bit of a break, keeping them from having to be so aggressive with its monetary policy.
  • That being said, it’s very unlikely that we will see that happen, due to the fact that the inflation numbers have still come in at about 3 to 3-and-a-half times the Fed’s desired target.

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