Euro remains subdued ahead of key economic data
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#191fec04 ver:1.19
The euro has weakened against the US dollar due to inflation and monetary policy differences. The ECB may cut rates in June, while the US is in a strong economic recovery. The euro's resistance to falling to parity with the dollar is due to a rosier economic backdrop in the Eurozone. Eurozone GDP data and US CPI data will impact EUR/USD trading. The ECB is expected to deliver three rate cuts, potentially bringing the euro closer to parity. Volatility could increase based on US inflation data. #Euro #USD #ECB #Fed #inflation #monetarypolicy #GDP #CPI...
#newstr #Euro #UsDollar #EuropeanCentralBank #UsFederalReserve #Inflation #InterestRates #BusinessActivity #GrossDomesticProduct #CurrencyExchange #EconomicData
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