Fed uncertain as timing of rate cuts German CPI rises, but core rate falls The euro has edged higher on Thursday. In the European session, EUR/USD is trad
The Dollar's decline continued in the last week of 2023 amidst rate cut bets that were reinforced with the better-than-expected PCE-based inflation readings..
While the Fed opened the door to rate cuts next year, other major central banks, including ECB retained their stance of needing to keep rates higher for longer.