$EURUSD Pair Gets a Boost after PPI Figures
will have to change its monetary policy, while the ECB remains hawkish. This could potentially lead to a move higher in the Euro, but it's uncertain whether it will last in the current economic environment. The inflation situation in the United States is slowing down, but it still has a long way to go before falling within historical norms. This means that the Fed will likely continue to be tight going forward, which we need to consider when looking at the market.
The financial world is expecting the Federal Reserve to bail everyone out now that there are some banking issues. However, even if that were the case, it might put some downward pressure on the Euro as people go running to the dollar for safety after the initial selloff. Secondly, we need to follow the momentum of the market as it has run more on momentum than anything else recently.
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