last Friday markets predicted that the euro was likely to continue outperforming the dollar after the EUR/USD pairing preserved its bullish momentum. After climbing to its highest level since August 12 in early morning trading on Friday, the euro shrugged off gloomy economic projections from the European Commission, maintaining its gains against the dollar this morning.
This is against the backdrop of high energy costs, economic uncertainty and an expected recession in the last quarter of the year, pointed out in the eurozone’s Autumn 2022 Economic Forecast.
