$EURUSD Forex Signal: Waits for US Inflation, FederalReserve Minutes
The EUR/USD pair rose after the IMF published its growth forecasts for the European economy.
The European economy has started the year well as it managed to avoid the energy crisis that most analysts were expecting. Energy prices in the region have dropped, helped by higher shipments of liquified natural gas. Meanwhile, the IMF downgraded the American economy, citing the ongoing banking crisis. It expects that the American economy will expand by 1.6% this year. The banking sector crisis will hit growth because banks will be a bit selective in lending.. Economists expect that the headline inflation dropped to 5.6% while core CPI rose to 5.9%. The headline CPI is expected to ease because of the energy sector.
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