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[QUOTE="forum forex, post: 202155, member: 78402"] Eurozone inflation jumped to 4.9% in November a record high The USD is falling sharply following Fed Powell’s dovish comments in the previous session which caused investors to push back on expectations of an interest rate rise given the uncertainty surrounding the outlook. EUR/USD is charging higher thanks in part to the weaker US dollar and thanks to surging inflation in the Eurozone. Eurozone inflation jumped to 4.9% in November a record high, well above the 4.5% forecast and up from 4.1% in October. Higher energy prices and supply chain disruptions were the main contributors to rising prices. Energy is on track for its highest annual rise in November at 27.4%. [/QUOTE]
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