The ECB’s chief economist expressed dissatisfaction with the progress in controlling inflation. Eurozone inflation fell to 2.9% in the last month. ECB’s Lane projected a steady or potentially increasing price growth next year. Thursday’s EUR/USD outlook painted a bullish picture, with the euro making strides against the dollar. The hawkish comments sparked a rally.
The post EUR/USD Forecast: Euro Rises On Wings of Hawkish ECB first appeared on Forex Crunch.