Expectations of a Fed rate cut increase, EUR/USD bulls head towards 1.12

Columns：Forex insights and analysis author：BTCZXW time：2024-09-17 16:14:13

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The Federal Reserve is considering a sharp interest rate cut, and the market is buzzing that EUR/USD may break through the key resistance level of 1.12. At the upcoming meeting, if the Federal Reserve decides to cut interest rates by 50 basis points, it will put significant pressure on the US dollar, which will in turn affect the economic dynamics of the euro area.

To gain insight into current market trends, investors need to pay attention to the upcoming inflation data and central bank policy changes, which will provide important clues to the direction of future monetary policy. If the ECB takes further measures, this will undoubtedly push EUR/USD towards 1.12.

We recommend that you pay close attention to upcoming news so that you can adjust your investment strategy in a timely manner. At the same time, please be sure to carefully assess risks, as all investment decisions require independent thinking. If you are interested, please share your views or follow our latest updates.

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