ING: With the announcement of US CPI and ECB interest rate decision imminent, the euro may face a new round of decline
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Odaily Odaily News: Chris Turner, an analyst at ING, said in a report that the euro has experienced two weeks of consolidation after the heavy losses in October and November, and now faces a new weakness. After the release of US inflation data and the European Central Bank's policy decision later this week, EUR/USD may fall to 1.0500 or even lower in the short term. Data released on Wednesday may show that core inflation in the United States accelerated in November. This will "more seriously question whether the Fed's approach to cutting interest rates is correct." The European Central Bank may cut interest rates by 25 basis points on Thursday, which may open the door to lowering interest rates below the so-called neutral interest rate that neither stimulates nor slows economic growth. (Jinshi)
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