EUR/USD: Will the Fed concede the right to the ECB to cut rates first?
Who will be the first to start cutting interest rates? The Fed or the ECB? Much depends on the answer to this question for the fate of EURUSD. Each of them has its arguments in favor of easing monetary policy, but who will take the first step? Before the release of data on the February business activity of the currency bloc, markets believed it would be the European Central Bank.