Tuesday, 1 August 2023

Euro Lifted Slightly by US Downgrade, but Will it Last? EUR/USD, EUR/AUD, EUR/NZD Price Action

EUR appears to be slightly supported after Fitch downgraded US ratings. Still, monetary policy and growth differentials suggest the single currency is unlikely to benefit much. What is the outlook for EUR/USD, EUR/NZD, and EUR/AUD?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

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