Quoted By:
>April 17
>The euro area annual inflation rate was 2.4% in March 2024, down from 2.6% in February. A year earlier, the rate was 6.9%. European Union annual inflation was 2.6% in March 2024, down from 2.8% in February. A year earlier, the rate was 8.3%. These figures are published by Eurostat, the statistical office of the European Union.
So the ECB is going to cut rates faster than the FED, i.e. the interest spread will increase and this is bullish for the dollar.
But at the same time, euro inflation is lower so it would hold up more of its value against the dollar right?
Buy USD or hold my euros?