আরও দেখুন
19.01.2023 11:12 AM
EURUSD
The latest U.S. inflation reports showed a clear decline in inflation.
In particular, on Wednesday, January 18, the Producer Price Index wholesale price growth fell 0.5% compared to November.
A week earlier the retail prices showed a -0.1% decline.
In parallel, economic indicators are declining - retail sales fell in December, -1.1%, the second consecutive month of declining sales. The real estate market is falling - new construction. Industrial activity has been declining for two straight months. This boosted investors' hopes of a slowdown in the Federal Reserve's rate-hikes and a stock market rise of about +5% since the beginning of the year.
Recently, however, several Fed officials have said that the US central bank should continue to hike rates, by +0.25% in early February. And by the end of the year, bring the rate up to 5.00 - 5.25% from the current 4.00 - 4.25%.
This caused the euro to fall from its high on Wednesday. However, the euro will probably try to go to 1.1000 again, but that is probably a profitable area to start selling.
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