The euro continues to fall today. The IMF's latest report says the global economic recovery momentum is at risk. As a result of the pandemic, households have seen a significant decline in their savings, while facing rising prices.
The US economy continues to look strong and is expected to grow by 2.1% this year. However, the growth rate of the European Monetary Area (Eurozone) is only 0.7% and is held back by the German economy, which may contract by 0.5%. The IMF also predicts that interest rates will remain high, depleting borrowers and putting small and medium-sized businesses in a difficult situation.
The US economy continues to look strong and is expected to grow by 2.1% this year. However, the growth rate of the European Monetary Area (Eurozone) is only 0.7% and is held back by the German economy, which may contract by 0.5%. The IMF also predicts that interest rates will remain high, depleting borrowers and putting small and medium-sized businesses in a difficult situation.
Note
EURUSD BUY 1.0530 - 1.0540 🔼🔼✔️ TP: 1.0560
🚫 SL: 1.0500
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.
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.