FX.co ★ EUR/USD surges after ECB decision

EUR/USD

The EUR/USD pair rose steeply on Thursday, showing the biggest daily growth in many months.

The increase came after the ECB's decision to raise interest rates by 25 basis points to 4.00%.

The European Central Bank has once again had to lift rates due to high inflation. At the same time, the European regulator expects economic growth to accelerate in the second six months of the year. The bank intends to increase rates again at a meeting next month. Meanwhile, the US Federal Reserve has made it clear that it may not raise rates at its next meeting.

We buy EUR/USD until the level of 1.1100 while monitoring its price changes.