At the moment, inflation growth rates in the world’s largest economies remain at a high level.
Despite the observed slowdown in inflation in the Eurozone for three consecutive months, the European Commission has lowered its economic growth forecasts for 2024. This is due not only to continued high inflation, but also to a reduction in consumer spending.
🇩🇪 In addition, Germany, the region’s largest economy, is facing a recession caused by high prices.
In light of these circumstances, the ECB is expected to keep interest rates at current levels. The move is seen as a way to strengthen the euro against major currencies, including the US dollar.
This situation can provide attractive opportunities for traders and investors to profit from short-term currency fluctuations.
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