The final GDP for France’s third quarter fell by 0.1% from the preliminary estimate, and the euro is currently trading at 1.0893. The preliminary CPI for France in November was +3.4%, suggesting that rate cuts in the Eurozone might occur sooner rather than later. This is because the economy is weakening as the year draws to a close.
The euro\/dollar pair is currently advancing towards the 200-hour moving average, which is 1.0938, after falling 0.2% to 1.0946. Sellers will be able to take back short-term control and adjust the price lower if there is a break below this level.
The euro is underperforming the pound at the moment, with EUR\/GBP falling 0.2% to 0.8627 and breaching its 100-day moving average at 0.8637. at the time of writing, the EUR\/GBP is trading at 0.8626.
There is a current competition between the Fed and the ECB over who will lower interest rates first in 2024.
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The final GDP for France’s third quarter fell by 0.1% from the preliminary estimate, and the euro is currently trading at 1.0893. The preliminary CPI for France in November was +3.4%, suggesting that rate cuts in the Eurozone might occur sooner rather than later. This is because the economy is weakening as the year draws …<\/p>\n","protected":false},"author":13,"featured_media":70689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,6928,6885,6920],"class_list":["post-93408","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-euro","tag-fed","tag-france"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=93408"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93408\/revisions"}],"predecessor-version":[{"id":93413,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93408\/revisions\/93413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70689"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=93408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}