Euro pushes higher on German Q3 GDP beat, higher state inflation readings ...Middle East

Looking at the near-term chart, buyers are starting to exert more control as they hold the break above the 100 (red line) and 200-hour (blue line) moving averages. The high for the day clips 1.0859 and it comes after a beat in German Q3 GDP alongside higher state inflation readings.But let's take a step back, does that change the equation for the ECB?I would say not so much. They moved as a precaution in October to not fall behind the curve. And unless the economy continues to surprise to the upside in the months ahead, they will still feel compelled to act again in December.They've already preempted that by saying that the disinflation process will have bumps along the way, with higher pric

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Last updated : 30 October 2024 clock 12:28 PM

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