Forecast and analysis of EURUSD and EURGBP pairs in the Forex currency market
The latest US inflation report showed that price pressures have eased more than expected, a much-needed boost for the Federal Reserve as they continue to fight inflation. The news caused US Treasury yields to fall further as traders continue to forecast links to higher US interest rates. The Fed is expected to raise rates by 25 basis points at the end of this month, but with declining inflation, they may have more room to keep rates unchanged in the coming months. The recent sell-off in bond yields and weakness in the US dollar support the idea of a peak rate. Interest...