Previous close | 1.0793 |
Open | 1.0792 |
Bid | 1.0779 |
Day's range | 1.0777 - 1.0796 |
52-week range | 1.0450 - 1.1276 |
Ask | 1.0774 |
The latest plot suggests three cuts in each of this year, next year and 2026.
Further upside for Greece’s credit rating hinges on robust nominal growth, deeper fiscal consolidation, more reform of the banks and structural reform compensating for years of public and private under-investment.
Caution evident from the Fed’s minutes against cutting rates too quickly has supported the narrative of ‘higher for longer’.