Thu, 01 Dec 2022 08:56:14 GMT
EUR/USD reacts to Powell's talk
The EUR/USD has reacted to US fundamentals. Namely, the speech of Jerome Powell revealed that the Chairman of the United States Federal Reserve is considering earlier end of interest rate hikes. This indicates that the base rate of the USD would be lower than previously expected. As a result, the USD sharply declined.
By the start of Thursday's European