Can EUR recover when it is in the red?
Updated
Euro exchange rate developments on the world market show that the EUR/USD index is currently at 1.079, down 0.0004 points, equivalent to 0.0371% compared to the previous session.
The Euro dropped slightly today. Analysts warn Europe is facing persistent inflation problems and the battle against inflation by European policymakers will be more difficult than the US.
By 2022, inflation in the US has climbed to its highest level in decades. However, the country's consumer prices have fallen and are now much lower than last year.
Although annual worker wage growth in the UK and many eurozone member countries has outpaced that of its US counterparts in recent months, inflation in the "Continental" Gia Gia" is not decreasing as quickly as the US.
Europe is facing weak growth rates, reflected in most of the main economies of the European Union (EU).
Mr. Huw Pill, Chief Economist of the BoE, shared that the EU is facing a series of different shocks, and at the same time, policymakers in the EU are in a much more difficult situation than their colleagues. America.
He analyzed that natural gas prices in Europe have increased far beyond the increase in oil prices. This is the main cause affecting corporate and personal income. EU households and businesses have struggled harder to resist price pressures than those in the US, which has exacerbated inflation.
The Euro dropped slightly today. Analysts warn Europe is facing persistent inflation problems and the battle against inflation by European policymakers will be more difficult than the US.
By 2022, inflation in the US has climbed to its highest level in decades. However, the country's consumer prices have fallen and are now much lower than last year.
Although annual worker wage growth in the UK and many eurozone member countries has outpaced that of its US counterparts in recent months, inflation in the "Continental" Gia Gia" is not decreasing as quickly as the US.
Europe is facing weak growth rates, reflected in most of the main economies of the European Union (EU).
Mr. Huw Pill, Chief Economist of the BoE, shared that the EU is facing a series of different shocks, and at the same time, policymakers in the EU are in a much more difficult situation than their colleagues. America.
He analyzed that natural gas prices in Europe have increased far beyond the increase in oil prices. This is the main cause affecting corporate and personal income. EU households and businesses have struggled harder to resist price pressures than those in the US, which has exacerbated inflation.
Note
EURUSD BUY 1.0750 - 1.0740 🔼🔼🟢TP: 1.0770
🔴SL: 1.0710
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.