US Dollar Uptrend Under Threat as Rate Cut Bets Rise; EUR/USD in a Prize Squeeze
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Speculation surrounding a potential Fed interest rate cut in June gained traction, fueled by expectations of up to three rate reductions this year. The upcoming NFP data, due at the end of the week, will be closely monitored as it could significantly impact the dollar index. EUR/USD is experiencing a price squeeze, with expectations that the Fed may cut rates in June while the ECB may cut rates in May. The euro's performance against the dollar will depend on the dynamics between the Fed and the ECB.

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https://www.investing.com/analysis/us-dollar-uptrend-under-threat-as-rate-cut-bets-rise-eurusd-in-a-prize-squeeze-200647256