EURUSD Hits The Lowest Level Since November 2002

European Union euro

Euro continues to feel the pressure as Fed continues with hawkish rhetoric and Putin ordered a partial mobilization. EURUSD hit today at 0.9808, the lowest level since November 2002.

Analysts now see a Fed terminal rate of 4.6% in 2023 pointing to two or three interest rate increases in the coming FOMC meetings.

Previous Article

Turkey Cuts Interest rates by 100 bps

Next Article

Breaking Market News

You might be interested in …

Key Events week ISM Services USDJPY traders

Key events in the Week Ahead

This week there are many key events and releases starting on Monday, which is a PMI day with reports from Germany, France UK Eurozone and US. Large-cap companies will also attract investors’ attention.

GBPUSD

GBPUSD Pushes Higher on Economic Data

GBPUSD trades higher on better-than-expected economic data released earlier today. The UK economy expanded by 0.1% in November 2022 well above the forecasts for a 0.2% contraction.