December 5, 2023 – Written by Ben Hughes
Leave a comment STORY LINK Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal
Markets remain convinced that US and ECB interest rates will not be increased further, especially with evidence of weakening inflation pressures.
Markets are also confident that both central banks will cut interest rates next year.
After jumping in Asia, gold posted sharp losses during the day which underpinned the dollar and the Euro also lost ground with the Euro to Dollar (EUR/USD) exchange rate sliding…
Read More
