EUR/JPY on the move, climbs to highest level since 2008 ...Middle East

The euro is looking to be in a good spot at the moment as economic fears are not as bad as expected and inflation looks to be trending softer, which is very much welcome news for the ECB. While this may not warrant more rate hikes, it at least provides the central bank with some breathing room in order to stick with the higher rates for longer narrative.And that is essentially it right now. In the battle among major central banks, it is all about who is able to vindicate themselves in pushing the higher rates for longer narrative to markets. In other words, it is about whose economy is better. And in the last few months, it has been a straightforward answer that it is the US. But is Europe n

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Last updated : 31 October 2023 clock 12:29 PM

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EUR/JPY on the move, climbs to highest level since 2008 ...Middle East

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