EUR/USD RISES AS ECB SIGNALS DELAY IN RATE CUTS DUE TO INFLATION CONCERNS

Tina Collins

30 Dec 2024

EUR/USD appreciates for the third consecutive day, trading near 1.0430.

Traders expect ECB to delay further rate cuts following recent inflation uptick.

ECB’s Holzmann attributes inflationary pressures to Trump's tariffs despite slow growth.

FOMC’s latest Dot Plot now forecasts only two rate cuts, down from the previous four.

Holzmann's comments contribute to the recent upward movement in EUR/USD.

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ECB MEMBER ELDERSON WARNS OF RISKS OF RAPID RATE CUTS!

CHINA'S IMPORTS OF RUSSIAN OIL HIT RECORD HIGH LAST YEAR

CHINA'S VICE PRESIDENT HAN ZHENG MEETS MUSK AND VANCE, DISCUSSES CHINA-US RELATIONS

DOW RISES MORE THAN 300 POINTS, S&P 500 HEADS FOR BEST WEEK SINCE NOVEMBER AS RATES FALL