FX Guys

Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts

February 2, 2024 – Written by Frank Davies

EUR/USD Exchange Rate Slides to 7-Week Lows as Fed’s Powell Says March Rate Cut is Unlikely

The dollar dipped at times following Wednesday’s Federal Reserve policy decision, but Chair Powell’s comments that a March rate cut was unlikely proved decisive and the dollar posted significant net gains.

Risk appetite was also less confident amid US regional bank concerns which helped support the US…
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