Dominika Lubinska @xDomix: "The euro is expected to..."

Poland

The euro is expected to continue to decline against the dollar until the summer, as the Federal Reserve is expected to continue to raise interest rates while the European Central Bank is expected to keep rates low, according to analysts. The euro fell to a five-year low against the dollar on Tuesday, as investors priced in the likelihood of a further rise in US interest rates. The euro was trading at $1.0516, down 0.1% on the day. The dollar rose against most other major currencies, with the British pound falling to a two-week low against the dollar. The Federal Reserve is expected to raise interest rates by half a percentage point at its meeting on Wednesday, while the European Central Bank is not expected to raise rates until at least September. The difference in monetary policy between the two central banks is expected to continue to weigh on the euro. "The euro is in a downward spiral and could fall to $1.03 by the summer," said David Madden, a market analyst at CMC Markets. "The Fed is raising rates and the ECB is doing nothing, so the dollar is gaining strength against the euro." The euro is also being weighed down by concerns about the war in Ukraine and the impact it is having on the European economy. The eurozone is heavily dependent on Russian energy, and the war has caused prices to rise. The European Central Bank is also concerned about the impact of the war on inflation. Analysts say that the euro is likely to remain under pressure until there is more clarity on the situation in Ukraine and the outlook for the European economy. $AUDUSD $EURUSD $GBPUSD $NZDUSD $USDCAD

Not investment advice. The author may have financial interests in the mentioned instruments.