EURO zone has been struggling with financial situation after the world financial crisis but currently its moving towards another crisis gifted BY RUSSIA ! GDP readings are not doing well and they are talking of rate cuts but we all know effects of war will not allow inflation to decrease unless we see real signs of peace with RUSSIA. IF world inflation insists and DXY faces LONG and this is the requirement for the next World Financial Crisis and we are heading that way for now. EURO Index has proven to be weak in the past few years and it cant hold the fight with DXY . if US economy faces less harm from this situation in a long run compared to euro zone, this will force EUR USD to drop and it is doing so according to market sentiment. EUR USD CAN reach 0.85 by the end of 2024 and 2025 might be the break OF 0.85 level as it was signaled previously. All and all future will decide who will be a better and more resilient economy facing challenges brought by inflation but for now EURO is doing worst than DXY
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Commentaire:
on the way