Re:The euro has tumbled near parity to the US dollar
by x3sphere on Monday July 11, 2022 @05:05PM
(#32061846)
Inflation is just as high in the EU is it not? It's probably the flight to safety effect.
Monetary policy is shifting, Fed has said they will keep tightening until inflation is back to 2%. For whatever reason a lot of people keep betting on a pivot. I don't see this happening, even if the end result is a recession (may already be in one). Inflation continuing to rise is ultimately worse than another recession if the Fed pivots.
Monetary policy is shifting, Fed has said they will keep tightening until inflation is back to 2%. For whatever reason a lot of people keep betting on a pivot. I don't see this happening, even if the end result is a recession (may already be in one). Inflation continuing to rise is ultimately worse than another recession if the Fed pivots.