EUR/USD Price Forecast: Drop to 2023 Low Near 1.0450?

Tina Collins

Nov 18, 2024

EUR/USD hit new 2024 lows near 1.0550 on Wednesday, marking a fourth consecutive decline.

US Dollar Strength: The US Dollar continues to rally, with the Dollar Index (DXY) nearing 2024 highs around 106.50.

October's CPI showed a slight uptick, adding to the bullish momentum in the USD.

US Dollar strength is partly driven by optimism around potential economic policies under the incoming Trump administration.

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NEW US BILL PROPOSES SELLING GOLD TO BUY BITCOIN

MICROSTRATEGY BUYS $4.6 BILLION WORTH OF BITCOIN IN HISTORIC DEAL

US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS

GOLDMAN SACHS EXPECTS RBA AND NZRB TO CUT INTEREST RATES