Socialpost

Complete News World

Why does the euro stabilize above $1.09 ahead of US inflation data?  12/03/24

Why does the euro stabilize above $1.09 ahead of US inflation data? 12/03/24

The euro continued to trade above $1.09 on Tuesday.

In the morning, the cost of the single currency, the euro, amounted to $1.0935, slightly higher than the previous night. The European Central Bank (ECB) set the reference rate at $1.0926 on Monday afternoon.

On Tuesday, financial markets' attention will turn to the United States. New inflation data will be published there in the early afternoon. Importance to the United StatesMonetary policy High because the central bank, the Federal Reserve, is moving toward easing its tight monetary policy due to low inflation. However, the timing and extent are uncertain. In recent weeks, senior central bankers have repeatedly stressed the need to first have confidence in the sustainability of low inflation.

/bgf/tih

Frankfurt (dpa-AFX)

Trade CFDs on forex with leverage of up to 30 now

Advertising

Trade CFDs on Forex with high leverage and small spreads. With just €100.00, you can benefit from a capital impact of €3,000! Secure your reward now.


82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Image source: ffff / Shutterstock.com, Aleksandar Mijatović / Shutterstock.com, iStock, Nataliia Melnychuk / Shutterstock.com

See also  ATB Spielberg renovation completed