The next important EUR/USD news will be the upcoming Federal Reserve minutes, which will provide more information about what to expect later this year. In its first decision of the year, the Fed maintained the status quo, leaving interest rates unchanged between 5.24 and 5.51
With the US doing better than Europe, economists believe that the ECB will cut rates earlier than the Fed. Data published this month showed that the US manufacturing and services PMI numbers moved above 50 in January. The unemployment rate remained at 3.7% while inflation is still much higher than the Fed’s target
With the US doing better than Europe, economists believe that the ECB will cut rates earlier than the Fed. Data published this month showed that the US manufacturing and services PMI numbers moved above 50 in January. The unemployment rate remained at 3.7% while inflation is still much higher than the Fed’s target