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EUR/USD 2024 Fundamental Outlook Preview
Despite some volatility throughout the year, you could say that 2023 was a relatively forgettable year for the world’s most widely-traded currency pair. As of writing in mid-December, EUR/USD is trading up just a couple hundred pips, or about 2%, from the 1.0699 level where it started the year. More to the point, the pair saw a range of just 828 pips across the entire year, the second-lowest range since the inception of the euro in 1999; Using interpolated prices based on the national currencies before that, 2023’s range is the 3rd lowest in the last 50 years! The clearest trend in EUR/USD during 2023 was the big ... (full story)