Cryptocurrency Q&A
What will the EUR/USD exchange rate be in 2024?
What will the EUR/USD exchange rate be in 2024?
Elena
Wed Mar 05 2025
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6
answers
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The EUR/USD exchange rate in 2024 was influenced by various factors such as economic growth, inflation, and central bank policies. Specifically, the European Central Bank's potential for more aggressive rate cuts compared to the US Federal Reserve, along with slower economic growth and similar inflation trends in the Eurozone compared to the US, suggested a higher possibility of the EUR/USD rate declining in 2024.
6 answers
InfinityRider
Fri Mar 07 2025
Additionally, the Federal Reserve's (Fed) response to inflationary pressures plays a crucial role in shaping this forecast.
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SumoPride
Fri Mar 07 2025
Their forecasts indicate that the EUR/USD exchange rate could fluctuate between specific levels in the upcoming year.
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SakuraFestival
Fri Mar 07 2025
Specifically, they predict that the exchange rate might trade within the range of 1.20 to 1.30 in 2021.
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AmyDavis
Fri Mar 07 2025
This prediction is influenced by the potential economic recovery in the Eurozone.
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CherryBlossomBloom
Fri Mar 07 2025
Expert analysts have conducted thorough research based on various economic factors.
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