EURO is deemed to drop!
-While rising inflation puts extra pressure on FED's monetary policy strategies, at least they are trying to do something about it with their little 0.25 hikes (don't get me wrong, sarcastic over here).
-But the European Central Bank (ECB) is not even doing that. They are planning to raise the rates in Q4 although Europe is expected to have worse inflation than U.S. That's because Europe has a higher dependency on energy and commodities that comes from Russia.
-We don't see euro going up in short-mid term.
-But the European Central Bank (ECB) is not even doing that. They are planning to raise the rates in Q4 although Europe is expected to have worse inflation than U.S. That's because Europe has a higher dependency on energy and commodities that comes from Russia.
-We don't see euro going up in short-mid term.
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