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Fed vs ECB: Rate Gap Adds to Pressure on EUR/USD

Reported · Written up by our desk · Major Pairs

Eurozone annual inflation rose to 3.8% in September from 3.2% in August – the highest level in recent months. Energy prices increased by 18.9% year-on-year, while services inflation stood at 3.2%. US CPI accelerated to 3.7% in September from 3.4% in August. The energy index rose by 5.2% over the month, with gasoline prices up […] The post Fed vs ECB: Rate Gap Adds to Pressure on EUR/USD appeared first on ActionForex .

Latest closeGasoline (RBOB) $3.156 ▼2.4%|EUR/USD 1.122 ▼0.3%

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