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Back Fundamental analysis
Euro Is No Lightweight
The main reason cited for the
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The main reason cited for the rally in EUR/USD is the increased likelihood of a 25-basis-point rate cut to 3.75% in December, rising from less than 30% at the end of November to nearly 90% now. However, the euro is not a lightweight. The European Central Bank has succeeded in combating inflation without pressure, unlike the Federal Reserve. Business activity in the Eurozone has surged to its highest level in 2.5 years, and the growth in German manufacturing orders suggests
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Marek Petkovich,
Analytical expert of InstaForex
© 2007-2025
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