EU inflation could fall faster | 16 Febrero 2023

16 Febrero 2023, EUR/USD

EURUSD trading plan:

The ECB will follow up on March's move with a further 25-basis-point lift next quarter, giving a terminal deposit rate of 3.25% and a refinancing rate of 3.75%. Pierre Wunsch, head of the National Bank of Belgium and a member of the ECB Governing Council, said that rate hikes could exceed market expectations. Inflation in the 20 countries using the euro fell to an annual rate of 8.5% last month from 9.2% in December, official data showed. Given a host of positive developments in recent months, inflation could fall faster than earlier thought, ECB policymaker and Bank of Spain Governor Pablo Hernandez de Cos said. This is a positive signal for the European currency.

Investment idea: buy 1.0680 and take profit 1.0775.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.