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ECB presidents are emulating the behavior of their US counterparts.
The same monetary policy under different circumstances can have different effects
If the ECB follows the Fed more or less on monetary policy, that doesn’t mean that EUR/USD will stop gaining any momentum. Just a different angle. Because under different circumstances (inflation, economic growth, etc.), the same monetary policy will have different effects.
Still, our medium-term forecast for EUR/USD is based on the divergence between the Fed and the ECB: our central bank watchers predict that the Fed will cut rates again soon, while the ECB will keep rates at terminal levels for the foreseeable future. This is clearly good for the euro.
