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FED vs ECB Interest Rate Differential

United States Core CPI YoY (ECONOMICS:USCCPI)  
ASignOfTime  
ECONOMICS:USCCPI   United States Core CPI YoY
Fundamental Analysis
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fundamental
In this chart you can see the interest rate differential for the FED versus the ECB.
I have outlined a possible scenario in rate cuts highlighting a bearish Euro/bullish US Dollar.

If the ECB will cut rates before the FED it will enlarge the differential, which is a bearish outlook for the Euro.
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