EUR/USD PRICE FORECAST: DOWN, DOWN, DOWN YOU GO

Tina Collins

Nov 14, 2024 — 1 min read

EUR/USD PRICE FORECAST: DOWN, DOWN, DOWN YOU GO

EUR/USD dropped to new 2024 lows, below 1.0600.

The US Dollar surged, pushing the US Dollar Index (DXY) above 106.00.

Investors await US inflation data on Wednesday for further market direction.

EUR/USD's pullback was driven by strong USD gains, fueled by optimism over potential Trump administration policies.

German 10-year yields rose to near 2.40%, reversing recent losses.

The Federal Reserve lowered its target range by 25bps to 4.75%-5.00%.

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MICROSTRATEGY BUYS $4.6 BILLION WORTH OF BITCOIN IN HISTORIC DEAL

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GOLDMAN SACHS EXPECTS RBA AND NZRB TO CUT INTEREST RATES