The $EURUSD price recovered modestly from its two-decade low in the final part of the week as investors bought the dip. Forex signal
price recovered modestly from its two-decade low in the final part of the week as investors bought the dip. The pair climbed to a high of 0.9852 on Friday, which was much higher than last week’s low of 0.9537. In total, the euro crashed by more than 6% in the third quarter of the year.numbers from Europe. According to the European statistics agency, the bloc’s consumer price index jumped from 9.1% in August to 10.0% in September. This increase was bigger than the median estimate of 9.7%.
Therefore, these numbers imply that the European Central Bank will continue hiking interest rates in the coming months. In a statement last week, Christine Lagarde hinted that the central bank will continue hiking interest rates in the coming months. She expects two more 0.75% rate hikes this year.