EURUSD: The USD increased before the Fed's decision, EURUSD...
EUR/USD fell 0.1% to 1.0562, after data showed prices rose just 2.9% in the euro zone in October, the slowest pace since July 2021.
ECB policymaker Joachim Nagel said on Tuesday that the European Central Bank must keep interest rates high enough for long enough as inflation in the euro zone has not been overcome despite a significant decline. told in the past year.
However, this data leads to the perception that the ECB has completed its tightening and the euro could weaken further if Fed Chairman Powell is seen to take a hawkish stance at the end of the session.
ECB policymaker Joachim Nagel said on Tuesday that the European Central Bank must keep interest rates high enough for long enough as inflation in the euro zone has not been overcome despite a significant decline. told in the past year.
However, this data leads to the perception that the ECB has completed its tightening and the euro could weaken further if Fed Chairman Powell is seen to take a hawkish stance at the end of the session.
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