Euro keeps its promise. Forecast as of 06.06.2024

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In April, the European Central Bank promised to ease monetary policy at its next meeting. It’s time to meet its commitments. Theoretically, this must make the EURUSD decline, but the pair is growing. Why? Let’s discuss it and make a trading plan.

Fundamental forecast for euro for today

All 82 experts surveyed by Reuters predict that the ECB will cut the deposit rate from 4% to 3.75% at its meeting on 6 June. However, not everyone thinks that’s a good idea. Algebris Investments calls this verdict “a political mistake,” while JP Morgan believes the central bank’s steps are too hasty…. Read full author’s opinion and review in blog of #LiteFinance

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