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.

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