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13.03.202309:33 विदेशी मुद्रा विश्लेषण और समीक्षा: EUR/USD: price bounces upward

Exchange Rates 13.03.2023 analysis

EUR/USD

Euro climbed upwards despite expectations of a Fed rate hike.

Many were counting on a price decline as Fed Chairman Jerome Powell insisted on a hawkish stance, talking about the Fed's intention to raise rates harder and faster. However, such a move was not sustained.

Now, the market expects the ECB to pursue a 0.5% rate hike next Thursday.

There could be moves as early as tomorrow because ahead is the US CPI inflation report for March.

Nevertheless, the forecast is still the same, that is, euro will rise to the target level of 1.1000.

Keep buying from 1.0530.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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